A corporation had 50000 shares of 20 par value common stock


A corporation had 50,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27. The entry to record this dividend is:

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Financial Accounting: A corporation had 50000 shares of 20 par value common stock
Reference No:- TGS01693110

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