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The shareholders equity of Core Technologies Company on June 3 0 , 2 0 2 3 , included the following: Common stock, $ 1 par;
The shareholders equity of Core Technologies Company on June included the following:
Common stock, $ par; authorized, million shares;
issued and outstanding, million shares $
Paidin capitalexcess of par
Retained earnings
On April the board of directors of Core Technologies declared a stock dividend on common shares, to be distributed on June The market price of Core Technologies common stock was $ on April and $ on June
Required:
Prepare the journal entries to record the declaration and distribution of the stock dividend.
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