Question: During 2011 Husky issued a stock dividend Answer the following

During 2011, Husky issued a stock dividend. Answer the following questions about the stock dividend.
a. How many shares did Husky issue as the stock dividend?
b. What amount did Husky attribute to the stock dividend?
c. If you owned 10,000 Husky shares, how many new shares would you have received as a dividend?
d. What effect did the stock dividend have on the financial statements?
e. What journal entry would Husky have recorded to account for the stock dividend?
f. What impact, if any, do you think the stock dividend would have on Husky's earnings per share? Explain.

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  • CreatedFebruary 26, 2015
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