On April 24, 201X, Firemen Corporation declared a 4 stock dividend distributable May 18 to stockholders of record on May 8 Currently Firemen has 6,800 shares of common stock issued and outstanding The stock has a par value of $10 The current fair market value of the stock is $25 Journalize (a) The declaration of the dividend (b) The issuance of the stock dividend

Question: On April 24, 201X, Firemen Corporation declared a 4% stock dividend distributable May 18 to stockholders of record on May 8. Currently Firemen has 6,800

On April 24, 201X, Firemen declared a 4% stock distributable May 18 to stockholders of record on May 8. Currently Firemen has 6,800 shares of issued and outstanding. The stock has a of $10. The current fair market value of the stock is $25. Journalize
(a) The declaration of the
(b) The issuance of the stock

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