Question
Rick Co. had 26 million shares of $1 par common stock outstanding at January 1, 2013. In October, 2013, Rick Co.'s Board of Directors declared
Rick Co. had 26 million shares of $1 par common stock outstanding at January 1, 2013. In October, 2013, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $65 per share. In recording this transaction, Rick would:
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
