Question: Green LTD declares a 10% common stock dividend when it has 20,000 shares of $10 par value common stock outstanding. If the market value of
Green LTD declares a 10% common stock dividend when it has 20,000 shares of $10 par value common stock outstanding. If the market value of the common stock is $25, the journal entry to record the stock dividend would include a: * credit to Common Stock $50,000. * credit to Common Stock $50,000. * credit to Paid-in Capital in Excess of Par Value $30,000. * credit to Paid-in Capital in Excess of Par Value $20,000
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