Blossom Corporation has outstanding 4 7 9 , 0 0 0 shares of $ 1 0 par

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Question:

Blossom Corporation has outstanding

479, 000

shares of $

10

par value common stock. The corporation declares a

5 %

stock dividend when the fair value of the stock is $

69

per share.

Prepare the journal entries for Blossom Corporation for both the date of declaration and the date of distribution.

Related Book For answer-question

Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Posted Date: Mar 17, 2024 11:34 PM

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Blossom Corporation has outstanding 4 7 9 , 0 0 0 shares of $ 1 0 par

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Intermediate Accounting

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