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on August 5 , the board of directors of Nick Co. declared a 5% stock dlvidend on lts 60 million, $1 par, common shares, to
on August 5 , the board of directors of Nick Co. declared a 5% stock dlvidend on lts 60 million, $1 par, common shares, to be Istrlbuted on September 1. The market price of Nick Co.s common stock was $27 on August 5. Complete the below table to calculate the stock dividend. repare a journal entry that summarlzes the declaration and distribution of the stock dlvidend. Complete this question by entering your answers in the tabs below. Complete the below table to calculate the stock dividend. (Enter your answers in millions (i,e., 10,000,000 should be entered as 10).)
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