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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Small Share Dividends
Transcribed Image Text: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
Small Share Dividends
E.
ut Delos Santos, Inc. board of directors voted on June 1, 2018, to declare a 10%
De 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.
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