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Question - On April 1, 20x1, Coliba Inc. declared dividends from its treasury shares on a "1 share for every 10 shares held" to shareholders of record as of April 15, 20x1 for distribution on May 20x1. The market price of the shares on date of declaration is 150. Culiba's shareholder's equity immediately before the dividend declaration is as follows:

Share Capital, authorized capital 10,000 shares, 400par 3,200,000

Subscribed share capital 880,000

Share Premium 400,000

Other components of equity 280,000

Requirement - Provide all the pertinent entries.

Reference no: EM133014409

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