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On Feb. 1, 2001, a company declared a 10% share dividend for shareholders on record on Feb. 10 and to be distributable on Feb. 29.
On Feb. 1, 2001, a company declared a 10% share dividend for shareholders on record on Feb. 10 and to be distributable on Feb. 29. There were 60,000 issued and 40,000 outstanding ordinary shares with $70 par value. The market price per share was $110 on Feb. 1, $ 115 on Feb. 10, and $ 120 on Feb. 29, 2001. *How much is charged from Retained Earnings for the 10% share dividend? **How much is recorded as Share Dividend Payable? ***Suppose, 20% share dividend not 10% was declared, how much is charged from retained earnings?
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