small Share Dividends The E. Delos Santos, Inc. board of directors voted on June 1, 2018, to declare a 10% shares distributable on July 1, to shareholders of record as of June 15. On June 1, E. Delos Santos has 500,000 shares of P10 par ordinary shares authorized, 55,000 shares e issued and 5,000 shares are held as treasury stock. E. Delos Santos stock is selling for P45 per share on June 1. Required: Prepare the entries needed on the declaration, record and payment dates.

small Share Dividends The E. Delos Santos, Inc. board of directors voted on June 1, 2018, to declare a 10% shares distributable on July 1, to shareholders of record as of June 15. On June 1, E. Delos Santos has 500,000 shares of P10 par ordinary shares authorized, 55,000 shares e issued and 5,000 shares are held as treasury stock. E. Delos Santos stock is selling for P45 per share on June 1. Required: Prepare the entries needed on the declaration, record and payment dates.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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