Walters Corporation has 60,000 shares of $10 par value common stock outstanding It declares a 10 stock dividend on December 1 when the market value per share is $16 The dividend shares are issued on December 31 Prepare the entries for the declaration and distribution of the stock dividend ...

Dec 1 Stock Dividends 6000 X 16 96000 Common ...

Walters Corporation has 60,000 shares of $10 par value common stock outstanding. It declares a 10% stock

Question:

Walters has 60,000 shares of $10 outstanding. It declares a 10% stock on December 1 when the market value per share is $16.The shares are issued on December 31. Prepare the entries for the declaration and of the stock Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... 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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...