NAME: SECTION: SCORE: PROFESSOR: Problem #11 Share Dividends P5,000,000 Assume the following data: Ordinary Shares, P100 par value, 50,000 shares issued Share Premium Retained Earnings Market Value declaration date Market Value distribution date 200,000 2,000,000 150 170 Required: For each of the following assumptions, prepare entries on the date of declaration and date of payment: 1. A 20% share dividends is declared on ordinary shares. 2. A 10% share dividends is declared on ordinary shares