Question
Global Corporation had 42,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20%
Global Corporation had 42,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20% stock dividend when the market value of each share was $26. The entry to record the dividend declaration is:
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
