These dividends are payable in promissory notes and will be paid at some future date. Choices; property dividends scrip dividends cash dividends
These dividends are payable in promissory notes and will be paid at some future date. Choices; property dividends scrip dividends cash dividends
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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Question
1. These dividends are payable in promissory notes and will be paid at some future date.
Choices;
property dividends
scrip dividends
cash dividends
liquidating dividends
2. To record the foregoing transaction
Choices;
Ordinary Treasury Shares would be credited for P 30,000
Ordinary Treasury Share Premium would be credited for P 30,000
Ordinary Treasury Share Premium would be credited for P 10,000
Ordinary Share Capital would be credited for P 20,000.
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