On March 31,the board of directors of Shoeboxes,Inc.declares a 100% stock dividend on its 100,000,$0.01 par,common shares.The market price of Shoeboxes common stock is $30 on March 31.Record the stock dividend.

Question

Quizplus · Accepted Answer

The Answer of On March 31,the board of directors of Shoeboxes,Inc.declares a 100% stock dividend on its 100,000,$0.01 par,common shares.The market price of Shoeboxes common stock is $30 on March 31.Record the stock dividend.

On March 31,the Board of Directors of Shoeboxes,Inc