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Question 19: VL Corporation has 60,000 THB 100 par value common shares outstanding. It declares a 10% share dividend on December 1, 20x4 when the
Question 19: VL Corporation has 60,000 THB 100 par value common shares outstanding. It declares a 10% share dividend on December 1, 20x4 when the market price per share is THB 115. The dividend shares are issued on December 31, 20x4.
Prepare the journal entries to record the declaration and payment of stock dividends.
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
