Franklin, Inc. declares a 10% ordinary share dividend when it has 40,000 ordinary shares with a $10 par value outstanding. If the market value of $24 per share is used, the amounts debited to Retained Earnings and credited to Share Premium-Ordinary are

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The Answer of Franklin, Inc. declares a 10% ordinary share dividend when it has 40,000 ordinary shares with a $10 par value outstanding. If the market value of $24 per share is used, the amounts debited to Retained Earnings and credited to Share Premium-Ordinary are