Question
A company has 33,000 shares of $10 par value common stock outstanding. The company declares a 11% stock dividend on March 15 when the stocks
A company has 33,000 shares of $10 par value common stock outstanding. The company declares a 11% stock dividend on March 15 when the stocks market value is $43 per share. The stock dividend is distributed on March 30.
Prepare the journal entry for the (a) declaration and (b) distribution of the stock dividend.
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Strategic Accounting For Management
Authors: Bob Ryan
1st Edition
1861524625, 9781861524621
