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Janae Corporation has outstanding 10.000 shares of 10 par value ordinary shares and retained earnings of 500,000. I Janae declares a 10 percent share dividend
Janae Corporation has outstanding 10.000 shares of 10 par value ordinary shares and retained earnings of 500,000. I Janae declares a 10 percent share dividend when the fair value of the shares is 85 per share the entry includes: Select one: O a. A credit to Share Premium-Ordinary for 75.000 Obi No entry is required for a share dividend OC. A debit to cash for 85.000, d. A debit to Retained Earnings for 10.000 Clear my choice
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