A corporation had 13,000 shares of $10 par value common stock outstanding when t
ID: 2507913 • Letter: A
Question
A corporation had 13,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 4,680 shares. At the time of the stock dividend, the market value per share was $18. The entry to record this dividend is:
A corporation had 13,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 4,680 shares. At the time of the stock dividend, the market value per share was $18. The entry to record this dividend is:
Explanation / Answer
A corporation had 13,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 4,680 shares. At the time of the stock dividend, the market value per share was $18. The entry to record this dividend is:
A corporation had 13,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 4,680 shares. At the time of the stock dividend, the market value per share was $18. The entry to record this dividend is: