Question
On September 1, the board of directors of a company, declares a stock dividend on its 16,000, $7 par, common shares. The market price of
On September 1, the board of directors of a company, declares a stock dividend on its 16,000, $7 par, common shares. The market price of the common stock is $36 on this date.
Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
-Record the stock dividend assuming a small (10%) stock dividend.
-Record the stock dividend assuming a large (100%) stock dividend.
-Record the stock dividend assuming a 2-for-1 stock split.
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