Question
Question 5 Sun Life Financial Inc. issued 300,000 new common shares as a result of a stock dividend when the market value was $40 per
Question 5 Sun Life Financial Inc. issued 300,000 new common shares as a result of a stock dividend when the market value was $40 per share. The average issuance price is $20 per share. Record the share transaction on the payment date assuming that it was a small stock dividend. Dr. [ Select ] [ Select ] [ Select ] Cr. [ Select ] Record the share transaction on the payment date assuming that it was a large stock dividend. Dr. [Select ] [ Select ] Cr. [ Select ] [ Select] What is the journal entry required if it was a stock split? Give the entries alone, the amount is not needed. Dr. [Select ] Cr. [ Select ]
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