The E. Delos Santos, Inc. board of directors voted in June 1, 2019, ro declare a 10% shares distributable on July 1, to shareholders of record as June 15. On June 1, E. Delos Santos has 500,000 shares of P10 par ordinary shares authorized, 55,000 shares are 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.
The E. Delos Santos, Inc. board of directors voted in June 1, 2019, ro declare a 10% shares distributable on July 1, to shareholders of record as June 15. On June 1, E. Delos Santos has 500,000 shares of P10 par ordinary shares authorized, 55,000 shares are 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.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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The E. Delos Santos, Inc. board of directors voted in June 1, 2019, ro declare a 10%
shares distributable on July 1, to shareholders of record as June 15. On June 1, E.
Delos Santos has 500,000 shares of P10 par ordinary shares authorized, 55,000 shares
are issued and 5,000 shares are held as
for P45 per share on June 1.
Required: Prepare the entries needed on the declaration, record and payment dates.
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