Calculate the market value of each share


A corporation had 20,000 shares of $10 par value common stock outstanding on January 10. Later that day the board of directors declared a 30% stock dividend when the market value of each share was $40. The entry to record this dividend is?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate the market value of each share
Reference No:- TGS0677611

Expected delivery within 24 Hours