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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
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 shareholders 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 the declaration of the stock dividend? You may omit the journal entry description.
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck, Maria Mitchell
17th edition
9781305480520, 1305087402, 130548052X, 978-1305087408
