Question
On January 1, 2020, Company C declared a 10% stock dividend of its 100,000 $1 par value shares of outstanding stock to be distributed on
On January 1, 2020, Company C declared a 10% stock dividend of its 100,000 $1 par value shares of outstanding stock to be distributed on February 10, 2020. As of January 1, 2020, the company had retained earnings of $1,000,000. At the time of declaration, the stock was trading at $15.00 per share
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Accounting A Systems Approach
Authors: Alison Warman, Jeff Davies
1st Edition
1861520379, 978-1861520371
