Question
On Nov. 1, 2020, AAA declared and issued a 10% common stock dividend. Prior to this dividend, AAA had 200,000 shares of $1 par value
On Nov. 1, 2020, AAA declared and issued a 10% common stock dividend. Prior to this dividend,
AAA had 200,000 shares of $1 par value common stock issued and outstanding. The fair value of
AAA 's common stock was $25 per share on Nov. 1, 2020. Prepare the journal entries AAA needs
to make to record this transaction.
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
