The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014. Shares

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The stockholders’ equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014.

Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37.

Instructions
Prepare the appropriate journal entries for each of the following cases.
(a) A stock dividend of 5% is declared and issued.
(b) A stock dividend of 100% is declared and issued.
(c) A 2-for-1 stock split is declared and issued.

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Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Question Posted: Nov 10, 2022 01:35 AM

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The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014. Shares

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Answer a A stock dividend of 5 is declared and issued The total number of shares outstanding before the stock dividend is 300000 A 5 stock dividend me...View the full answer

Intermediate Accounting

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