Discuss the journal entry to record the declaration


The Ohio Corporation has 900,000 shares of $1 par value common stock authorized and 550,000 shares issued and outstanding. The market value of the stock isas $18 per share. What is the journal entry to record the declaration of a 10% stock dividend?

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Accounting Basics: Discuss the journal entry to record the declaration
Reference No:- TGS0705718

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