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Hi guys can someone guide me in the right direction here. I am not sure what I am doing wrong. Thank you! The shareholders' equity
Hi guys can someone guide me in the right direction here. I am not sure what I am doing wrong. Thank you!
The shareholders' equity of Raven Company is as shown: Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $30 per share. Required: 1. Assuming the board of directors recommends a 6% stock aividend, prepare: a. the joumal entry at the date of declaration b. the joumal entry at the date of issuance c. shareholders' equity after the issuance 2. Assuming, instead, that a 4096 stock clividend is recommended, answer a, b, and c of Requirement 1. Prepare the sharehoiders' equity section of Raven's ba/ance sheet at December 31 , assuming the board of directors recommends a 6% stock clividend. Frepare the sharehoiders' equity section of Raven's balance sheet at December 31 , assuming the board of directors recommends a 4096 stock dividend. Feedback Check: My Work In distinguishing between a small and a large stock dividend, GAAP states that fair value is ordinarily the appropriate value to use vhenever the stock dividend (that is, small dividend) is less than 20% or 25% of the previously outstanding shares. The shareholders' equity of Raven Company is as shown: Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $30 per share. Required: 1. Assuming the board of directors recommends a 6% stock aividend, prepare: a. the joumal entry at the date of declaration b. the joumal entry at the date of issuance c. shareholders' equity after the issuance 2. Assuming, instead, that a 4096 stock clividend is recommended, answer a, b, and c of Requirement 1. Prepare the sharehoiders' equity section of Raven's ba/ance sheet at December 31 , assuming the board of directors recommends a 6% stock clividend. Frepare the sharehoiders' equity section of Raven's balance sheet at December 31 , assuming the board of directors recommends a 4096 stock dividend. Feedback Check: My Work In distinguishing between a small and a large stock dividend, GAAP states that fair value is ordinarily the appropriate value to use vhenever the stock dividend (that is, small dividend) is less than 20% or 25% of the previously outstanding sharesStep by Step Solution
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