Bucky Dent Inc. has 50 million shares authorized, 35 million shares issued, and 30 million shares...

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Bucky Dent Inc. has 50 million shares authorized, 35 million shares issued, and 30 million shares outstanding. The par value per share is $1, and the market value is $30 per share. Prepare the necessary journal entry for the date of declaration/issuance (assume both occur on the same date) if: (a) a 10% stock dividend is declared. (5 pts) a 40% stock dividend is declared. (2 pts) (c) a 2 for 1 stock split is declared. (1 pts) (b) Treat the transactions independently. Bucky Dent Inc. has 50 million shares authorized, 35 million shares issued, and 30 million shares outstanding. The par value per share is $1, and the market value is $30 per share. Prepare the necessary journal entry for the date of declaration/issuance (assume both occur on the same date) if: (a) a 10% stock dividend is declared. (5 pts) a 40% stock dividend is declared. (2 pts) (c) a 2 for 1 stock split is declared. (1 pts) (b) Treat the transactions independently.

Answer rating: 100% (QA)

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