Question: Question 54 Current Attempt in Progress Swifty, I nc. declares a 10% common stock dividend when it has 30500 shares of $ 10 par value

Question 54 Current Attempt in Progress Swifty, I nc. declares a 10% common stock dividend when it has 30500 shares of $ 10 par value common stock outstanding. If the market value of $22 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Paid-in Capital in Excess of Par Stock Dividends $30500$36600 $67100 $36600 $30500 $67100 $30500 $0
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
