Refer to E11 12 Prepare the journal entry to record (a) The small 12 percent stock dividend and, alternatively, (b) The large 100 percent stock dividend mentioned in requirement 3 of E11 12 ...

a dr Retained Earnings D SE 25000 x 012 x 18 540 ...

Refer to E11-12. Prepare the journal entry to record (a) The small 12 percent stock dividend and,

Question:

Refer to E11-12. Prepare the journal entry to record
(a) The small 12 percent stock and, alternatively,
(b) The large 100 percent stock mentioned in requirement 3 of E11-12?
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...