The company had 20,000 shares of $1 par common stock outstanding. When each share of stock had
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The company had 20,000 shares of $1 par common stock outstanding. When each share of stock had a market value of $44, the company declared and distributed a 10% stock dividend. After the distribution of the dividend shares, each share of stock had a market value of $40. Make the journal entries necessary to record the declaration and distribution of this stock dividend.
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For 
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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