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Question III {9 marks} Required For each of the following independent situations, present the necessary journal entry: (1) Declared and distributed a 5% share dividend

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Question III {9 marks} Required For each of the following independent situations, present the necessary journal entry: (1) Declared and distributed a 5% share dividend on 100,000 shares of common shares outstanding. Market price per share on this date was $12. (0) With 250,000 shares of common shares outstanding, declared and distributed a 2 for 1 share split. (i) Declared and distributed a 20% share dividend on 100,000 shares of common shares outstanding Market price per share on this date was $11

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