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Ducky Co reported the following equity balances On Dec 31,2016
Common Shares, unlimited authorized, 1,350,000 shares issued and outstanding 5,481,000
Retained earning 910,000
Total equity 6,391,000
Part a
April 11: in 2017 the directors declared a 5%% shares dividend disreputable on MAy 11 to the april 30th shareholders record. the common shares were actvively trading as follow
April 11: 7.20
April 30: 8.50
May 11: 6.85
May 11th the shares were distributed
Required:
Question 1: Prepare the journal Entry for the information above
Part B:
Nov 12 the company delcared the 3:1 common share split
Question 2: What is the total number of common shares issued and outstanding after the split (show calumniation)
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