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A company has 100,000 shares of $10 par value common stock outstanding. The board of directors of the company declares a 10% stock dividend
A company has 100,000 shares of $10 par value common stock outstanding. The board of directors of the company declares a 10% stock dividend on July 1 when the stock's market value is $40 per share. The stock dividend is distributed on July 20. Using the attached T-account template (or prepare an "equation" presentation using a spreadsheet format) prepare the following entries as applicable: July 1 Declaration July 20 Distribution ASSETS Non-Current Assets Current Assets Property, Plant & Equipment Investments Intangible Assets/Other Current Liabilities LIABILITIES EQUITY Non-Current Liabilities Contributed Capital Earned Capital
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