A corporation had 20,000 shares of $10 par value common stock outstanding on Jan 10. Later that day the board of directors declared a 30% stock dividend when the market value of each share was $40. The entry to record this dividend is:
E) No entry is made until the stock is issued

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The Answer of A corporation had 20,000 shares of $10 par value common stock outstanding on Jan 10. Later that day the board of directors declared a 30% stock dividend when the market value of each share was $40. The entry to record this dividend is:
E) No entry is made until the stock is issued

A Corporation Had 20,000 Shares of $10 Par Value Common