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The stockholders' equity of the Sadler Company is as shown below. Common Stock, $10 par Additional paid-in capital on common stock Retained Earnings $250,000 $150,000
The stockholders' equity of the Sadler Company is as shown below. Common Stock, $10 par Additional paid-in capital on common stock Retained Earnings $250,000 $150,000 $200,000 $600,000 The company is considering the declaration and issuance of a stock dividend when the market price is $30 per share. A. Assuming the board of directors recommends a 6% stock dividend, prepare the journal entries at the declaration date and at the date of issuance. B. Assuming, instead, that a 40% stock dividend is recommended, prepare the journal entries at the declaration date and at the date of issuance
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