Assume your audit client declared a 5% stock dividend. Identify the evidence you would examine to determine

Question:

Assume your audit client declared a 5% stock Identify the evidence you would examine to determine whether the stock was accounted for properly.

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...