Question
ABC Corp owns several shares of XYZ Inc stock (less than 20% of the voting shares. ABC Corp received a check for $5,000 for stock
ABC Corp owns several shares of XYZ Inc stock (less than 20% of the voting shares. ABC Corp received a check for $5,000 for stock dividends from XYZ Inc. What is the journal entry that ABC Corp would write the this transaction?
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Since ABC Corp received a stock dividend this doesnt impact their cash account Stock dividends are ...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
