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2. Record the stock dividend assuming a large (100%) stock dividend 3. Record the transaction assuming a 2-for-1 stock split Exercise 10-13 (Algo) Record stock
2. Record the stock dividend assuming a large (100%) stock dividend
Exercise 10-13 (Algo) Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 20,000,$11 par, common shares. The market price of the common stock is $40 on this date. Required: 1. 2. \& 3. Record the necessary journal entries assuming a small (10\%) stock dividend, a large (100\%) stock dividend, and a 2-for-1 stoch split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 3. Record the transaction assuming a 2-for-1 stock split
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