Question
Apex Enterprise Inc. declared a 10% stock dividend on its 45,000 common shares outstanding (with par value of $1 per share) on June 15, 2021.
Apex Enterprise Inc. declared a 10% stock dividend on its 45,000 common shares outstanding (with par value of $1 per share) on June 15, 2021. The stock was trading for $15 per share at the declaration date. The stocks were distributed in form of dividend on August 5, 2021.
Prepare journal entries on June 15 and August 5, 2021.
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Materiality In Financial Reporting An Integrative Perspective
Authors: Francesco Bellandi
1st Edition
178743737X, 9781787437371
