Use the same facts as in RE 16 3, but instead assume that Pickens declares and issues a 50 stock dividend when the stock is selling for $30 per share Prepare the journal entry on the date of declaration to record Pickens 's stock dividend ...

Retained Earnings 10 par 25000 2 ...

Use the same facts as in RE 16-3, but instead assume that Pickens declares and issues a

Question:

Use the same facts as in RE 16-3, but instead assume that Pickens declares and issues a 50% stock when the stock is selling for $30 per share. Prepare the journal entry on the date of declaration to record Pickens's stock Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...