Question

Ruby Corporation declares and issues a 15% stock dividend. On the date of declaration, the stock is selling for $30 per share. Assuming that there were 50,000 shares previously outstanding, with a $10 par value, prepare the journal entry on the date of declaration to record Ruby Corporation’s stock dividend.



$1.99
Sales0
Views125
Comments0
  • CreatedDecember 09, 2013
  • Files Included
Post your question
5000