ACCOUNTING FOR DIVIDENDS - Harper College
Small stock dividends are less than 20% - 25% of the outstanding shares. Example #2 After paying the cash dividend in Example #1, X Company declared a 10% stock dividend on April 1 to be paid April 30 to shareholders of record on April 15. The stock price on April 1 was $113. Required: Journalize the transactions for the stock dividend. Solution #2 ................
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