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The Paid In Capital section of XYZ, Inc. at 02/15/21 shows the following: Authorized 1,500,000 shares; $2.00 par value; 400,000 shares issue and outstanding =$800,000
The Paid In Capital section of XYZ, Inc. at 02/15/21 shows the following: Authorized 1,500,000 shares; $2.00 par value; 400,000 shares issue and outstanding =$800,000 On 02/15/21,XYZ, Inc declares a 25% stock dividend when the market price of the XYZ common stock is $10.00 per share. REQUIRED: Record the Journal Entries or: - Stock Dividend Declared - Issuance of the Common shares
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