On December 1, 2015, Arther Company had 200,000 shares of $1 par value common stock issued and outstanding. The next day they declared and distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Provide the journal entry for the transaction.

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The Answer of On December 1, 2015, Arther Company had 200,000 shares of $1 par value common stock issued and outstanding. The next day they declared and distributed a 50% stock dividend. The market value of the stock on that date was $9 per share. Provide the journal entry for the transaction.

On December 1, 2015, Arther Company Had 200,000 Shares of $1