On July 31,Fly by Night Airline Ltd's equity was: Also note that on July 31 the market value of Fly by Night Airline's shares was $15 per share.The directors considered declaring a 10% or 20% share dividend and wanted to know what effect each share dividend would have on total equity.Calculate the balances that should be in the following accounts after a share dividend distribution.

Question

On July 31,Fly by Night Airline Ltd's equity was:  Also note that on July 31 the market value of Fly by Night Airline's shares was $15 per share.The directors considered declaring a 10% or 20% share dividend and wanted to know what effect each share dividend would have on total equity.Calculate the balances that should be in the following accounts after a share dividend distribution.

Quizplus · Accepted Answer

The Answer of On July 31,Fly by Night Airline Ltd's equity was:  Also note that on July 31 the market value of Fly by Night Airline's shares was $15 per share.The directors considered declaring a 10% or 20% share dividend and wanted to know what effect each share dividend would have on total equity.Calculate the balances that should be in the following accounts after a share dividend distribution.

On July 31,Fly by Night Airline Ltd's Equity Was