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DO 30. Dodd, Inchas outstanding 10,000 Saares of 10 par value ordinary shares and retained eamings of 500,000. It Dodd, declares a 5 percent share

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DO 30. Dodd, Inchas outstanding 10,000 Saares of 10 par value ordinary shares and retained eamings of 500,000. It Dodd, declares a 5 percent share dividend when the fair value of the shares is 85 per share the entry includes: a. Adebit to Retained Earnings for 5,000 d. A credit to Share Premium Ordinary for 75,000, A debit to cash for E85,000. d. No entry is required for a share dividend. Select one a. A credit to Share Premium Ordinary for 75,000 b. A debit to cash for 85,000 c. No entry is required for a share vidend d. A debit to Retained Earings for 5,000, Next page

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