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Please show where each entry goes in the journal A company has 100,000 shares of $10 par value common stock outstanding. The board of directors
Please show where each entry goes in the journal
A company has 100,000 shares of $10 par value common stock outstanding. The board of directors of the company declares a 10% stock dividend on July 1 when the stocks market value is $40 per share. The stock dividend is distributed on July 20. Using the attached T-account template (or prepare an equation" presentation using a spreadsheet format) prepare the following entries as applicable: July 1 Declaration July 20 Distribution ASSETS EQUITY LIABILITIES Non-Current Liabilities Non-Current Assets Current Assets Property, Plant & Equipment Intangible Assets/Other Contributed Capital Investments Current Liabilities Earned CapitalStep by Step Solution
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