Question
To reduce its stock price, Shriver Food Systems, Incorporated, declared and issued a 50 percent stock dividend. The company has 880,000 shares authorized and 280,000
To reduce its stock price, Shriver Food Systems, Incorporated, declared and issued a 50 percent stock dividend. The company has 880,000 shares authorized and 280,000 shares outstanding. The par value of the stock is $1 per share and the market value is $100 per share. Prepare the journal entry to record this large stock dividend.
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
