Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 39

Cash and Stock Dividends
Gannon, Inc., had 100,000 shares of common stock outstanding.uring the current year, the company distributed a 10 percent stock dividend and-subsequently paid a $0.50 per share cash dividend.alculate the number of shares outstanding at the time of the cash dividend and the amount of cash required to fund the cash dividend.