For each of the following independent situations,present the necessary journal entry:
(a)Declared and distributed a 10% share dividend on 500,000 shares of common shares outstanding.Market price per share on this date was $15.
(b)With 250,000 shares of common shares outstanding,declared and distributed a 2 for 1 share split.
(c)Declared and distributed a 30% share dividend on 200,000 shares of common shares outstanding.Market price per share on this date was $14.

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The Answer of For each of the following independent situations,present the necessary journal entry:
(a)Declared and distributed a 10% share dividend on 500,000 shares of common shares outstanding.Market price per share on this date was $15.
(b)With 250,000 shares of common shares outstanding,declared and distributed a 2 for 1 share split.
(c)Declared and distributed a 30% share dividend on 200,000 shares of common shares outstanding.Market price per share on this date was $14.

For Each of the Following Independent Situations,present the Necessary Journal