ABC Company declared 5% stock divident. Par value is 1.50$ per share and there are 200,000 shares.

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ABC Company declared 5% stock divident. Par value is 1.50$ per share and there are 200,000 shares. Selling price is 46$ per share. Complete the journal entry.

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Fundamentals of Corporate Finance

ISBN: 978-1118845899

3rd edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Posted Date: Feb 24, 2024 08:58 AM

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ABC Company declared 5% stock divident. Par value is 1.50$ per share and there are 200,000 shares.

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To complete the journal entry for ABC Company declaring a 5 stock dividend we need to record the iss... View the full answer

Fundamentals of Corporate Finance

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