DE14-1 Vartec Telecom Company has 200.000 shares of $2.50 par common stock outstanding. Vartec distributes a 5%
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DE14-1 Vartec Telecom Company has 200.000 shares of $2.50 par common stock outstanding. Vartec distributes a 5% stock dividend when the market value of its stock is $13 per share. 1. Journalize Vartec's distribution of the stock dividend on March 19. An explanation is not required. 2. What is the overall effect of the stock dividend on Vartec Telecom's total assets? On total stockholders' equity?
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Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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