Question
One Foot Above Ground Corporation has 100,000 $1 par value shares outstanding. On July 1, One Foot declared a 30% stock dividend when stocks were
One Foot Above Ground Corporation has 100,000 $1 par value shares outstanding. On July 1, One Foot declared a 30% stock dividend when stocks were selling for $7 per share. The stock will be distributed to stockholders on August 2. Record all the journal entries necessary. (12 points)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
