Open Door, Corp. has outstanding 15,000 shares of $150 par value common stock. Prepare the entries to

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Open Door, Corp. has outstanding 15,000 shares of $150 par value common stock.

Prepare the entries to record:

The declaration of a cash dividend of $2.50 per share

The declaration of a stock dividend of 10 percent at a time when the market value per share is $185

The declaration of a stock dividend of 40 percent at a time when the market value per share is $195

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Nov 23, 2017 02:13 AM

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Open Door, Corp. has outstanding 15,000 shares of $150 par value common stock. Prepare the entries to

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Journal entries to be booked 1 DebitRetained Earnings37500 15000250 CreditDividends Payable37... View the full answer

Advanced Accounting

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