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Stock Dividend Chart of Accounts General Journal Balance Sheet Instructions 600,000.00 Raven is considering the declaration and issuance of a stock dividend at a time
Stock Dividend Chart of Accounts General Journal Balance Sheet Instructions 600,000.00 Raven is considering the declaration and issuance of a stock dividend at a time when the market price is $30 per share. Required: 1, Assuming the board of directors recommends a 6% stock dividend, prepare a. the journal entry at the date of declaration b. the journal entry at the date of issuance c shareholders' equity after the issuance 2. Assuming, instead, that a 40% stock dividend is recommended, answer a, b, and c of Requirement 1. Chart of Accounts General Journal Balance Sheet The shareholders' equity of Raven Company is as shown Raven Company Partial Balance Sheet 1 Common stock, $10 par 2Additional Paid-in Capital on Common Stock 250,000.00 150,000.00 200,000.00 $600,000.00 Retained Earnings
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