Question
A corporation had 20,000 shares of $10 par value common stock outstanding on Jan 10 when it declared a 30% stock dividend. The market value
A corporation had 20,000 shares of $10 par value common stock outstanding on Jan 10 when it declared a 30% stock dividend. The market value of each share was $40. What is the entry to record this dividend?
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Financial Accounting
Authors: W Steve Albrecht, Earl K Stice
11th Edition
0538746955, 9780538746953
