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Mark declared a 5% share dividend on 100,000 issued and outstanding shares of $20 par value, which had a fair value of $50 per share
Mark declared a 5% share dividend on 100,000 issued and outstanding shares of $20 par value, which had a fair value of $50 per share before the share dividend was declared. The share dividend was distributed 60 days after the declaration date. What is the increase in current liabilities as a result of the Share dividend declaration?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
