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Page prcdente Page suivante Page 42 de 62 Question 42 (2 points) On January 1, Brunhilde Corporation had 240,000 common shares issued. On March 17,

Page prcdente Page suivante Page 42 de 62 Question 42 (2 points) On January 1, Brunhilde Corporation had 240,000 common shares issued. On March 17, the company declared a 5% stock dividend to be distributed on March 30. The market value of the shares was $7 on January 1, $9 on March 17 and $12 on March 30. The journal entry to record the stock dividend declaration is: Dr Cr Mar-30 Stock dividends 144000 Cash 144000 O Jan-01 Stock dividends 84000 Stock dividends distributable 84000 Mar-17 Stock dividends 108000 Stock dividends distributable 108000 O Mar-30 Stock dividends 144000 Stock dividends distributable 144000 Page prcdente Page suivante actionnaire 39 de 62 questions enregistres Page 42 de 62image text in transcribed

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