Question
QS 11-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 11,300 shares of $2 par value common stock outstanding. Epic declares a
QS 11-7 (Algo) Accounting for small stock dividends LO P2 Epic Incorporated has 11,300 shares of $2 par value common stock outstanding. Epic declares a 18% stock dividend on July 1 when the stocks market value is $21 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend.
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SAP Audit Black Book
Authors: Bhushan Jairamdas Mamtani
1st Edition
9351194086, 978-9351194088
