The following share dividends were declared and distributed by Party Company: Percentage of ordinary shares outstanding Market value Par value 10% 225,000 150,000 25% 600,000 450,000 How much should be debited to Retained Earnings at the time of declaration? Group of answer choices 600,000 675,000 750,000 825,000
The following share dividends were declared and distributed by Party Company: Percentage of ordinary shares outstanding Market value Par value 10% 225,000 150,000 25% 600,000 450,000 How much should be debited to Retained Earnings at the time of declaration? Group of answer choices 600,000 675,000 750,000 825,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 38MCQ
Related questions
Question
3.
- The following share dividends were declared and distributed by Party Company:
Percentage of ordinary shares outstanding |
Market value |
Par value |
10% |
225,000 |
150,000 |
25% |
600,000 |
450,000 |
How much should be debited to
Group of answer choices
600,000
675,000
750,000
825,000
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