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Question - On December 1, 2017, the board of directors of silver corporation declared a P5 per ordinary share cash dividend to stockholder's of record on December 15, 2017 payable on December 31, 2017.
Silver corporation has 20,000 ordinary shares issued. It reacquired 2,000 of these ordinary shares in the market and held them in the treasury.
Required:
A. Determine the number of ordinary shares outstanding.
B. Prepare journal entries on the date of declaration and on the date of payment.
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abel and co. is newly established company and needs your helpfor recording corporate dividends and retained
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Tanfield is in a better position to pay debt in 2015 than in 2014. The current ratio, cash ratio, and times-interest-earned ratio all improved. The inventory turnover improved, but was offset by a decrease in the gross profit percentage.
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