Question
Arnold, Inc. declares and distributes a 10% common stock dividend when it has 30,000 shares of $1 par value common stock outstanding. If the market
Arnold, Inc. declares and distributes a 10% common stock dividend when it has 30,000 shares of $1 par value common stock outstanding. If the market value of the common stock is $20, the journal entry to record the stock dividend would include a:
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
