On August 1, 2023, the board of directors declared a 10% stock dividend, to be distributed on September 15. The market price of Ivanhoe's common shares was $34 on August 1 and $37 on September 15. What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend?

Answer rating: 100% (QA)

SOLUTION To declare and distribute a stock dividend a company must have retained earnings available ... View the full answer