Question
A company has 127,000 shares of $5 par value common stock outstanding. The company declares a 35% stock dividend on November 1 when the stocks
A company has 127,000 shares of $5 par value common stock outstanding. The company declares a 35% stock dividend on November 1 when the stocks market value is $66 per share. Prepare the journal entry for declaration of the stock dividend.
A- Record the declaration of a 35% stock dividend
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
