This exercise continues the Lawlor Lawn Service, Inc , situation from Exercise 12 44 of Chapter 12 On October 15, Lawlor Lawn Service declares and distributes a 10 stock dividend to all common shareholders of record on October 15 when the market price per common share is $5 Lawlor has 100 shares of...

Req 1 This is a small stock dividend because it ...

This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 12-44 of Chapter 12. On October

Question:

This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 12-44 of Chapter 12. On October 15, Lawlor Lawn Service declares and distributes a 10% stock to all common shareholders of record on October 15 when the market price per common share is $5. Lawlor has 100 shares of outstanding on the date of record.
Requirements
1. Is this a small or large stock Journalize the entries related to the Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...