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834 E 21-4A (L03) 1.Mar. 15. Dr. Stock Dividends, $100,000 SHOW ME HOW STOCK DIVIDENDS Kaufman Company currently has 200,000 shares of $1 par common
834 E 21-4A (L03) 1.Mar. 15. Dr. Stock Dividends, $100,000 SHOW ME HOW STOCK DIVIDENDS Kaufman Company currently has 200,000 shares of $1 par common stock outstanding. On March 15, a 10% stock dividend was declared to shareholders of record on April 2, distributable on April 14. Market value of the common stock was estimated at $5 per share. 1. Prepare journal entries for the declaration and distribution of the 10% common stock dividend Assume Kaufman Company declared a 2. Pg. 708 833
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