Question
On January 1 swindle corporation had 120,000 common shares with a $2 par value outstanding. On March 17 the company declared a 15% share dividend
On January 1 swindle corporation had 120,000 common shares with a $2 par value outstanding. On March 17 the company declared a 15% share dividend to share holders of record on April 20. The market value of the shares was $19 on March 17 and $17 on April 20. What is the journal entry to record delcation of the stock dividend?
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
