SICO Co. has 8,000 shares issued and outstanding. The per-share par value is $1.5; book value $40

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SICO Co. has 8,000 shares issued and outstanding. The per-share par value is $1.5; book value $40 and market value is $52. 8% stock dividend is declared. Instruction: Prepare the journal entries related to:

1- Date of declaration.

2- Date of payment.

Related Book For answer-question

Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Posted Date: Jan 03, 2022 10:00 AM

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SICO Co. has 8,000 shares issued and outstanding. The per-share par value is $1.5; book value $40

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Date Particular Credit Debit At the time of Declaration Ret... View the full answer

Fundamental Accounting Principles Volume II

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