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On June 13, the board of directors of Siewert nc declared a 5% stock dividend on its 60 million, $1 par common shares to be
On June 13, the board of directors of Siewert nc declared a 5% stock dividend on its 60 million, $1 par common shares to be distributed on July 1. The market price of Siewert common stock was $32 on June 13. Complete the below table to calculate the stock dividend. Prepare the journal entry to record the stock dividend. Complete this question by entering your answers in the tabs below General Journal Stock Divide nd Complete the below table to calculate the stock dividend. (Enter your answers in milions (i.e., 10,000,000 should be entered as 10).) Stock Dividend Number of outstanding shares Stock dividend percentage (%) Number of shares to be issued Value of stock dividend General Journal Prev 7 ot 9 Next >
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