Question
Concord, Inc. declares a 10% common stock dividend when it has 30700 shares of $10 par value common stock outstanding. If the market value of
Concord, Inc. declares a 10% common stock dividend when it has 30700 shares of $10 par value common stock outstanding. If the market value of $22 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are:
Stock Dividends Paid-in Capital in
Excess of Par
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
1118285909, 1118285905, 978-1118285909
