Incorrect answer icon Your answer is incorrect. both answers or incorrect : credit to Paid-in Capital in
Fantastic news! We've Found the answer you've been seeking!
Question:
Incorrect answer icon
Your answer is incorrect. both answers or incorrect : credit to Paid-in Capital in Excess of Par Value for $19500. and debit to Stock Dividends for $19500.
On January 1, Metlock, Inc. had 130000 shares of $10 par value common stock outstanding. On March 17 the company declared a 5% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a
eTextbook and Media
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th edition
Authors: Jeffrey Slater, Mike Deschamps
Posted Date: