Question: Question - Stock Dividends Stuff Ltd. Currently has 1,000,000 common shares outstanding and issues as of Feb 28. On Mar 1, the company declared a
Question - Stock Dividends Stuff Ltd. Currently has 1,000,000 common shares outstanding and issues as of Feb 28. On Mar 1, the company declared a stock dividend of 5%. The dividend will be distributed on Mar 15 to shareholders of record as of Mar 3. Shares trading prices in the market have been as follows: Mar 1 - trading at $10.00 ea. Mar 3 - $10.25 ea. Mar 15 - $9.75 ea. Consider the information above; enter the debit and credit accounts and $ amounts required for each of the dates. Put your answers in the field numbers related to the field below
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