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Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock authorized, 42,000 shares common stock issued, 18,000 shares treasury stock: Required:
Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock authorized, 42,000 shares common stock issued, 18,000 shares treasury stock: Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? if an amount box does not require an entry, leave is blank. CheorMr Won 2. What is the appropriate journal entry to record a 27% stock dividend if the market price of the common stock is s45 per share when the dividend is deciared? If an amount box does not require an entry, leave it blank
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