Question

On October 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 20,000, $1 par, common shares. The market price of the common stock is $40 on this date.

Required:
1. Record the stock dividend assuming a small (5%) stock dividend.
2. Record the stock dividend assuming a large (100%) stock dividend.
3. Record the stock dividend assuming a 2-for-1 stock split.



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  • CreatedJuly 15, 2014
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