Chadwick Corporation has 450,000 common shares outstanding. The corporation declares a 6% stock dividend when the common shares fair value is $30 per share. (Their
Chadwick Corporation has 450,000 common shares outstanding. The corporation declares a 6% stock dividend when the common shares fair value is $30 per share. (Their carrying value is $18 per share.) Prepare the journal entries for the company for both the date of declaration and the date of distribution.
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Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver
9th Edition
1256297585, 978-1256297581
