Question
On March 1,SheridanLtd. had407,000common shares issued and the balance in its Common Shares account was $610,500. The company declared a5% stock dividend to shareholders of
On March 1,SheridanLtd. had407,000common shares issued and the balance in its Common Shares account was $610,500. The company declared a5% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $4on March 1, $3.85on March 14, and $4.35on March 31.
Prepare the entries on the appropriate dates to record the stock dividend.
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
