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ABC incorporation has 10,000 outstanding shares and declared 12% stock dividend on November 15, 2021 Dividend was paid on November 30th, 2021. The par value was $18 per share but trading price was $22. Record the transactions for November 15, 2021 and November 30, 2021.

ABC incorporation has 10,000 outstanding shares and declared 12% stock dividend on November 15, 2021 Dividend was paid on November 30th, 2021. The par value was $18 per share but trading price was $22. Record the transactions for November 15, 2021 and November 30, 2021.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC incorporation has 10,000 outstanding shares and declared 12% stock dividend on November 15, 2021 Dividend was paid on November 30th, 2021. The par value was $18 per share but trading price was $22. Record the transactions for November 15, 2021 and November 30, 2021.
Transcribed Image Text:ABC incorporation has 10,000 outstanding shares and declared 12% stock dividend on November 15, 2021 Dividend was paid on November 30th, 2021. The par value was $18 per share but trading price was $22. Record the transactions for November 15, 2021 and November 30, 2021.
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