common stock has 200,000 shares of $1 par value stock outstanding. On December 31, 2009, common stock declared a 2% stock dividend, when the stock was selling for $10 per share. The stock will be distributed to stockholders on January 20, 2009. Let’s prepare the December 31 entry with narration. 

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2 stock dividends is small stock dividend Outstanding shares 200000 Stock divi... View the full answer