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On July 1, Stubbs Corporation had 300,000 no-par-value common shares outstanding. On this day the board of directors declared a 5% share dividend. The
On July 1, Stubbs Corporation had 300,000 no-par-value common shares outstanding. On this day the board of directors declared a 5% share dividend. The fair market value of each share was $10. A possible entry to record this dividend is Share Dividend Common Share Dividend Distributable Share Dividend Common Share Dividend Distributable 180,000 180,000 150,000 150,000
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
