Greenview Water Sports has 16,000 shares of $1 par value common stock outstanding. Greenview distributes a 5%
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Question:
Greenview Water Sports has 16,000 shares of $1 par value common stock outstanding. Greenview distributes a 5% stock dividend when the market value of its stock is $25 per share.
Requirements:
1. Journalize Greenview's declaration of the stock dividend on August 15 and distribution on August 31.
2. What is the overall effect of the stock dividend on Greenview’s total assets?
3 What is the overall effect on total stockholders' equity?
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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