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On 28 February 2024. Xavier Ltd declared and distributed an 8% share dividend (bonus issue), At that date the entity's total share capital was $180

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On 28 February 2024. Xavier Ltd declared and distributed an 8% share dividend (bonus issue), At that date the entity's total share capital was $180 000, fully paid to $1. The market price of the shares on 28 February was $1.10. What is the effect of this dividend on Xavier Ltd's total shareholders' equity? No effect Increase of $14 400 & Decrease of $14 400 an increase of $15 840

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