Macaron Corporation has 109,100 common shares that have been issued. It declares a 4% stock dividend on
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Question:
Macaron Corporation has 109,100 common shares that have been issued. It declares a 4% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $15 on December 1, $14.50 on December 20, and $14.75 on January 10.
Prepare the entries on the appropriate dates to record the stock dividend.
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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