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Richman Corporation has 120,000 shares of $$ par vahae common stock outstanding. In declared a 13. stock dividend on Sunet when the market price per
Richman Corporation has 120,000 shares of $$ par vahae common stock outstanding. In declared a 13. stock dividend on Sunet when the market price per share was $12. The shares were issued on June 30 02 Instructions 1- Prepare the necessary entries for the declaration, record and payment of the stock dividend. 2- List the three dates that are related to dividends and discuss them briefly Solution - declaration entry Solution - declaration entry Accounts Debit Credit Solution - record entry Accounts Debit Credit Solution - payment entry Accounts Debit Credit Solution - 2- List the three dates that are related to dividends and discuss them briefly. 1- 2- 3
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