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BE12.9 (LO 3) Langley Ltd. has 50,000 shares of 10 par value ordinary shares outstanding. It declares a 15% share dividend on December 1
BE12.9 (LO 3) Langley Ltd. has 50,000 shares of 10 par value ordinary shares outstanding. It declares a 15% share dividend on December 1 when the market price per share is 16. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the share dividend. Prepare entries for a share dividend.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
