Franklin, Inc. declares a 10\% ordinary share dividend when it has 30,000 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 30,000 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:

Franklin, Inc $10 \$ 10 $10 Par Value Outstanding $24 \$ 24 $24

Franklin, Inc $\$ 10$ Par Value Outstanding $\$ 24$