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Crane Company has 130,000 common shares outstanding. Because it wants to retain its cash for other purposes, the company decided to issue stack dividends to
Crane Company has 130,000 common shares outstanding. Because it wants to retain its cash for other purposes, the company decided to issue stack dividends to its sharehalders. The market price of each Crane Company share was $25. (a) Prepare the journal entries if the company decides to declare and issue a 9% stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required seiect "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries
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