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Ps: how to determine whether the problem is cash dividend or stock dividend? il vodafone AU TF11:50 90%O 64. At 31 December 2016 Trapezium Ltd

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Ps: how to determine whether the problem is cash dividend or stock dividend?
il vodafone AU TF11:50 90%O 64. At 31 December 2016 Trapezium Ltd has the following components of Equity: Contributed equity Retained Earnings Reserves 1,500,000 ordinary $1 shares $2,000,000 $ 600,000 On 31 December 2016, the directors of the company declared a 10% share dividend to be paid out of the balance in the Retained Earnings account on 5 January 2017. Required: (b) Prepare journal entries to record these share transactions Calculate the balance of the Retained Earnings after these share transactions have taken place

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