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On June 10, Hurley Corporation Had 100

Question 40

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On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration?


A) On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration? A) B) C) D) E)
B) On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration? A) B) C) D) E)
C) On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration? A) B) C) D) E)
D) On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration? A) B) C) D) E)
E) On June 10, Hurley Corporation had 100.000 shares of $1 par value common stock outstanding and declared a 10% stock dividend. The market value of Hurley's common stock at the date of the declaration is $24 per share. The stock dividend is payable to all stockholders of record on June 25. What journal entry is necessary on the date of declaration? A) B) C) D) E)

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