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Snow White Corporation with 600000, outstanding common shares declares a dividend of 0.095 balsa per share on January 15th. The recorded data is reported as
Snow White Corporation with 600000, outstanding common shares declares a dividend of 0.095 balsa per share on January 15th. The recorded data is reported as of January 25, and the payment date is on February 10th Frozen Corporation having 150000 outstanding shares trading at RO 6.25 per share declares and a payment or stock dividend of 6%. Answer the questions that follow based on the case and related to the topic in general. Question 21 Not yet answered Marked out of 1.00 Flag question Identify the A/C credited by Frozen Corporation on payment of stock dividend (refer to case study3). O a. None of the given option Ob. Cash Oc. Common Stock Od. Share Dividend Distributed Question 22 Not yet answered Calculate the total cash dividend declared by the Snow White Corporation (refer to case study3)? Oa. RO 57000 Marked out of O b. RO 600000 1.00 Flag question Oc. RO 560000 d None of the given ontion C on 23 ed out of question Trace out the account debited by Snow White Corporation on January 25th (refer to case study3). O a. Dr. Retained Earnings O b. No Entry Oc. Dr. Cash Dividend O d. Dr. Dividend Payable on 25 t ed dout of question Creditors having no legal claim on the personal assets of the owners is reflected in the feature: O a. Limited Liability O b. Seprate Legal Entity O c. None of the given options Od. Transferability of Owners
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