Genius

necessary entries for the declaration and payment of the stock

necessary entries for the declaration and payment of the stock



Stockton Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 15% stock dividend on June 1 when the market price per share was $13. The shares were issued on June 30.

Instructions
Prepare the necessary entries for the declaration and payment of the stock dividend.




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
Answered
Other / Other
23 Mar 2016

Answers (1)

  1. Genius

    necessary entries for the declaration and payment of the stock

    necessary entries for the declaration and payment of the stock ****** ******
    To see full answer buy this answer.
    Answer Attachments

    1 attachments —

    • img
      90258226.docx

Report As Dispute

Share Your Feedback

Give Review : A+ A B C D F