The equity accounts of Lawrence Company have the following balances on December 31, 2015. Shares of Lawrence

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The equity accounts of Lawrence Company have the following balances on December 31, 2015.

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Shares of Lawrence Company are currently selling at €37.
Instructions Prepare the appropriate journal entries for each of the following cases.

(a) A share dividend of 5% is declared and issued.

(b) A share dividend of 100% is declared and issued.

(c) A 2-for-1 share split is declared and issued.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Apr 06, 2024 02:00 AM

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The equity accounts of Lawrence Company have the following balances on December 31, 2015. Shares of Lawrence

Question:

Share Capital-Ordinary, 10 par, 200,000 shares issued and outstanding Share Premium-Ordinary Retained Earnings 2,000,000 1,200,000 5,600,000

Step by Step Answer:

Intermediate Accounting IFRS Edition

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