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January 1, Dlue Spruce Corp. had 95000 shares of10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to
January 1, Dlue Spruce Corp. had 95000 shares of10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value ot the stock was $15 on March 17. The entry to record t transaction of March 17 would indude a O credit to Cash for $142500. O debit to Stock Dividends for $142500. edit to Common Stock Dividends Distributable for $142500. O credit to Common Stock Divdends Distributable for $47500
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