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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 13
Recording a small stock dividend
Supreme Water Sports has 12,000 shares of $2 par common stock outstanding. Supreme distributes a 5% stock dividend when the market value of its stock is $22 per share.
Requirements
1. Journalize Supreme's distribution of the stock dividend on August 31. An explanation is not required.
2. What is the overall effect of the stock dividend on Supreme's total assets
3. What is the overall effect on total stockholders' equity
Supreme Water Sports has 12,000 shares of $2 par common stock outstanding. Supreme distributes a 5% stock dividend when the market value of its stock is $22 per share.
Requirements
1. Journalize Supreme's distribution of the stock dividend on August 31. An explanation is not required.
2. What is the overall effect of the stock dividend on Supreme's total assets
3. What is the overall effect on total stockholders' equity
Explanation
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2. A stock dividend is a distribution by...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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