On June 1, 2015, Golden Warriors Corporation declared a share capital dividend entitling its shareholders to one additional share for each share held. At the time the dividend was declared, the market...


On June 1, 2015, Golden Warriors Corporation declared a share capital dividend entitling its shareholders to one additional share for each share held.  At the time the dividend was declared, the market value was P 100 per share and the par value was P 50 per share.  On this date, Golden had 65,000 shares issued and 5,000 shares in the treasury.  What entry should Golden make to record this June 1 transaction?



Jun 09, 2022
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