Question
Davis Enterprises has 288,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stocks market
Davis Enterprises has 288,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stocks market value is $72 per share. The journal entry for the declaration of the stock dividend is:
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Accounting Information Systems
Authors: Patrick R. Wheeler, Ulric J. Gelinas, Richard B. Dull, Dull Gelinas Wheeler
International 10th Edition
017035539X, 9780170355391
