23 ad THE FOLLWING INFORMATION APPLIES TO MULTIPLE CHOICE QUESTIONS: MCQ 21 to MCQ 23 SOUTHAMPTON COMPANY reports the following information at the end of 2010 Authorired share Capitot 400.000 Ordinary Shares 54 Por Value Issured Share Capitot 600.000 Ordinary Sharos sued at $20 per shore, Retained foming $2.000,000 The following tran actions take place during 2010 June SOUTHAMPTON Company declared a Canh Dividend (fotol) of 5000,000 payable on June 10 of this amount. 5600,000 is a return of Capital July SOUTHAMPTON declares a Property Dividend of tand valued at $4,200,000. The carrying amount of the land is $2,700,000 on July 1 Augusti SOUTHAMPTON Company declares a 10% Share Dividend Al dividends are distributed on December 31 MCQ 23 The transaction of August I will require which entry with respect to ORDINARY SHARE DIVIDEND DISTRIBUTABLE? Select one OG CREDIT S1000,000 O b. CREDIT $160,000 O c. DEBIT $160,000 Od DEBIT S1000,000 Oe. None of these answers