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This is intermediate accounting question about Stockholder's Equity (chp15) Gloria has 500,000 shares of $0.10 par value common stock outstanding. The following transactions occurred during
This is intermediate accounting question about Stockholder's Equity (chp15)
- Gloria has 500,000 shares of $0.10 par value common stock outstanding. The following transactions occurred during the year:
- During April, Gloria declared a 10% stock dividend when the market price of the stock was $30 per share.
- During May, Gloria distributed the stock dividend.
- During June, Gloria declared a $0.30 per share cash dividend.
- During July, Gloria paid the cash dividend.
Prepare the entries for each of these transactions
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