8 BE15-14 Use the information from BE15-13 but assume Green Day Corporation declared a 100% share
dividend rather than a 5% share dividend. Prepare the journal entries for both the date of declaration and
the date of distribution.
10*BE15-15 Nottebart Corporation has outstanding 10,000 shares of \textcurrency{}100 par value, 6% preference shares and
60,000 shares of \textcurrency{}10 par value ordinary shares. The preference shares were issued in January 2015, and no
dividends were declared in 2015 or 2016. In 2017, Nottebart declares a cash dividend of \textcurrency{}300,000. How will
the dividend be shared by ordinary and preference shareholders if the preference is (a) non-cumulative and
(b) cumulative?
