h. XYZ Company declared a 296 stock dividend on common stock ($3 par). (Pretend there are...

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h. XYZ Company declared a 296 stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that the current market value of a share of a common stock on that date was $20). DATE XIX retained earnings common stock dividend dist paid in capital, common sto Debit 4,000 600 3,400 Credit h. XYZ Company declared a 296 stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that the current market value of a share of a common stock on that date was $20). DATE XIX retained earnings common stock dividend dist paid in capital, common sto Debit 4,000 600 3,400 Credit

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Okay lets work through the journal entries required for the 2 stock dividend declared by XYZ Company ... View the full answer