BE12-8 Walters Corporation has 60,000 shares of $10 par value common stock outstanding. It declares a 10%
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BE12-8 Walters Corporation has 60,000 shares of $10 par value common stock outstanding.
It declares a 10% stock dividend on December 1 when the market value per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and distribu¬
tion of the stock dividend.
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Related Book For
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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