1. Record the transactions in the general journal. PLASE GIVE me the righanswer and explain 6-Feb: Declared a 5% stock dividend. The market value of the stock on that date was $25/share. Date Account DR CR 6-Feb Stock Dividend Correct Incorrect Common Stock Dividend Distributable Correct Incorrect Paid-in Capital in Excess of Par Value-Common Stock Correct Incorrect
1. Record the transactions in the general journal. PLASE GIVE me the righanswer and explain 6-Feb: Declared a 5% stock dividend. The market value of the stock on that date was $25/share. Date Account DR CR 6-Feb Stock Dividend Correct Incorrect Common Stock Dividend Distributable Correct Incorrect Paid-in Capital in Excess of Par Value-Common Stock Correct Incorrect
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.1E
Related questions
Question
1. Record the transactions in the general journal.
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PLASE GIVE me the righanswer and explain
6-Feb: Declared a 5% stock dividend. The market value of the stock on that date was $25/share. | |||||||
Date | Account | DR | CR | ||||
6-Feb | Stock Dividend | Correct | Incorrect | ||||
Common Stock Dividend Distributable | Correct | Incorrect | |||||
Paid-in Capital in Excess of Par Value-Common Stock | Correct | Incorrect | |||||
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