Chapter 07 Valuing Stocks
The debit to retained earnings for the fair market value of the stock dividend can be found by an analysis of the retained earnings T-account: Retained Earnings. $330,000 Beginning balance Dividends declared $125,000 700,000 Net income Stock dividend X $630,000 Ending balance Solve for X: $630,000 = $330,000 + $700,000 - $125,000 - X ................
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