Hogan Corporation issued a 5 percent stock dividend on 20,000 shares of its $10 par common stock.

Question:

Hogan issued a 5 percent stock on 20,000 shares of its $10 par common stock. At the time of the the market value of the stock was $15 per share.

Required
a. Compute the amount of the stock Show the effects of the stock on the using a horizontal statements model like the following one:

c. Prepare the journal entry to record the stockdividend.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...