On December 1, 2013, Arbor Company had 20,000 shares of $1 par value common stock issued and outstanding. The next day they distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Please provide the journal entry for the transaction.

Question

Quizplus · Accepted Answer

The Answer of On December 1, 2013, Arbor Company had 20,000 shares of $1 par value common stock issued and outstanding. The next day they distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Please provide the journal entry for the transaction.

On December 1, 2013, Arbor Company Had 20,000 Shares of $1