Business, 12.08.2020 04:01 kturvey225
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 18,000, $9 par, common shares. The market price of the common stock is $38 on this date.
Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1.
Record the stock dividend assuming a small (10%) stock dividend.
2.
Record the stock dividend assuming a large (100%) stock dividend.
3.
Record the stock dividend assuming a 2-for-1 stock split.
Answers: 2
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On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on it...
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