The stockholders' equity for Lakeside Marina, Inc., on December 31, 2015, follows: On January 31, 2016, the

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The stockholders' equity for Lakeside Marina, Inc., on December 31, 2015, follows:

Stockholders' Equity Paid-in Capital: Common Stock, $1 par, 400,000 shares authorized, 40,000 shares issued and outstand

On January 31, 2016, the market price of Lakeside Marina's common stock was $20 per share and the company distributed a 10 percent stock dividend.
Requirements
1. Journalize the declaration and distribution of the stock dividend.
2. Prepare the stockholders' equity section of the balance sheet after the stock dividend?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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