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Yum Corp has 215,000 shares of common stock outstanding. The par value is $.001, and the market value is $73.15 per share. On 24 January
Yum Corp has 215,000 shares of common stock outstanding. The par value is $.001, and the market value is $73.15 per share. On 24 January the Board of Directors declares a 15% stock dividend to be distributed on 12 February. The journal entry would be for the distribution on 12 February would be: Debit Common Stock Dividend Distributable 32.25 and Credit Common Stock 32.25. a) True b) False
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