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thanks in advance On January 1, Skysong. Inc. had 114000 shares of $10 par value common stock outstanding. On March 17 the company declared a
thanks in advance
On January 1, Skysong. Inc. had 114000 shares of $10 par value common stock outstanding. On March 17 the company declared a 15% stock dividend to stockholders of record on March 20. Market value of the stock was $16 on March 17. The entry to record the transaction of March 17 would include a credit to Cash for $273600. credit to Common Stock Dividends Distributable for $171000. credit to Stock Dividends for $102600. debit to Common Stock Dividends Distributabie for $171000 Step by Step Solution
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