Question
Bucky Dent Inc. has 50 million shares authorized, 35 million shares issued, and 30 million shares outstanding. The par value per share is $1,
Bucky Dent Inc. has 50 million shares authorized, 35 million shares issued, and 30 million shares outstanding. The par value per share is $1, and the market value is $30 per share. Prepare the necessary journal entry for the date of declaration/issuance (assume both occur on the same date) if: (a) a 10% stock dividend is declared. (5 pts) a 40% stock dividend is declared. (2 pts) (c) a 2 for 1 stock split is declared. (1 pts) (b) Treat the transactions independently.
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Survey Of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
6th Edition
1260575292, 978-1260575293
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