Question
Grouper corporation has$430,000 common shares outstanding. The corporation declares a 8% stock dividend at the common shares'fair value of $25 per share. Their carrying value
Grouper corporation has$430,000 common shares outstanding. The corporation declares a 8% stock dividend at the common shares'fair value of $25 per share. Their carrying value is $16 per share.
A) declaration date-
a/c titles & explanation. Dr. Cr.
.
-
B) distribution date
a/c titles & explanation. Dr. Cr.
. -- . -
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
