Question: Problem 8: On January 1, 2020, Finally Finished, Inc. declared a 20% stock dividend of its 150,000 $1 par value shares of outstanding stock to

Problem 8: On January 1, 2020, Finally Finished, Inc. declared a

Problem 8: On January 1, 2020, Finally Finished, Inc. declared a 20% stock dividend of its 150,000 $1 par value shares of outstanding stock to be distributed on April 1, 2020. As of January 1, 2020, the company had retained earnings of $1,849,255. At the time of declaration, the stock was trading at $10.50 per share. (7 points) General Journal Debt Credit

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