Question
The equity accounts of Novak Group have the following balances on December 31, 2022. Share CapitalOrdinary, 10 par, 293,000 shares issued and outstanding 2,930,000 Share
The equity accounts of Novak Group have the following balances on December 31, 2022.
| Share CapitalOrdinary, 10 par, 293,000 shares issued and outstanding | 2,930,000 | |
| Share PremiumOrdinary | 1,190,000 | |
| Retained Earnings | 5,310,000 |
Shares of Novak Group are currently selling at 33. Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
| (a) | A share dividend of 5% is (1) declared and (2) issued. | |
| (b) | A share dividend of 100% is (1) declared and (2) issued. | |
| (c) | A 2-for-1 share split is (1) declared and (2) issued. |
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The Politics Of Internal Auditing
Authors: Dr. Larry Rittenberg, Patty Miller
1st Edition
0894139053, 978-0894139055
