VI. The Board of Directors at Cooper, Inc. declares a cash dividend of $0.30 per share on 750,000 shares of $0.13 par value common stock outstanding a. Record the declaration. b. Cooper, Inc. pays the dividend it had declared. Record the payment. C. Cooper, Inc. declares a 15% stock dividend on the 750,000 shares of common stock outstanding. The market value of the stock is $22.50 per share. Record the declaration. d. Cooper, Inc. pays the stock dividend. Record the payment. e. Cooper, Inc declares a 35% stock dividend on all outstanding common stock since the first stock dividend. Record the declaration. (Hint: Remember large vs small stock dividend rules) Credit A Accounts Dividend account Dividend Payable (750,000x0.30) Debit 225,000 225,000 B. Stock Dividend (750,000x15%x22.50) 2,531,250 6