Use the following information to answer questions Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 per share with a 30% down payment.
-Lisbon Corp.has 1,000,000 no par common shares authorized, of which 800,000 shares are outstanding.The average carrying value of the shares is $5 per share.When the market value was $10 per share, Lisbon declared a 10% stock dividend.What entry, if any, should Lisbon make to record this dividend declaration?

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The Answer of Use the following information to answer questions Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 per share with a 30% down payment.
-Lisbon Corp.has 1,000,000 no par common shares authorized, of which 800,000 shares are outstanding.The average carrying value of the shares is $5 per share.When the market value was $10 per share, Lisbon declared a 10% stock dividend.What entry, if any, should Lisbon make to record this dividend declaration?

Use the Following Information to Answer Questions Prague Corp