A company declares a 5% share dividend. The debit to Retained Earnings is an amount equal to
Question:
A company declares a 5% share dividend. The debit to Retained Earnings is an amount equal to
a. the excess of the market price over the original issue price of the shares to be issued.
b. the market value of the shares to be issued.
c. the par value of the shares to be issued.
d. the book value of the shares to be issued.
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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