Crestview Pool Supply has 10,000 shares of ($ 1) par common stock outstanding. Crestview distributes a (10

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Crestview Pool Supply has 10,000 shares of $\$ 1$ par common stock outstanding. Crestview distributes a $10 \%$ stock dividend when the market value of its stock is $\$ 15$ per share.

1. Journalize Crestview's distribution of the stock dividend on September 30. An explanation is not required.

2. What is the overall effect of the stock dividend on Crestview's total assets? On total stockholders' equity?

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:03 PM

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Crestview Pool Supply has 10,000 shares of ($ 1) par common stock outstanding. Crestview distributes a (10

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Accounting

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