Homepage - Minnesota State Un x * My Home CengageNOWv2 | Online teachin x /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Calculator Brief Exercise 10-49 Stock Dividend Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common stock issued, 10,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / х Common Stock / х Additional Paid-In Capital-Common Stock v Feedback Check My Work 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / Common Stock 4:09 PM е н 4/9/2020 DELL Home End Delete PrtScr Insert F10 F11 F12 F8 F9 F4 F5 F6 F3 & Backspace { E т H. Σ 00 00 く0 00 D.
Homepage - Minnesota State Un x * My Home CengageNOWv2 | Online teachin x /ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false eBook Calculator Brief Exercise 10-49 Stock Dividend Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common stock issued, 10,000 shares treasury stock. Required: 1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / х Common Stock / х Additional Paid-In Capital-Common Stock v Feedback Check My Work 2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when the dividend is declared? Retained Earnings / Common Stock 4:09 PM е н 4/9/2020 DELL Home End Delete PrtScr Insert F10 F11 F12 F8 F9 F4 F5 F6 F3 & Backspace { E т H. Σ 00 00 く0 00 D.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Homepage - Minnesota State Un x
* My Home
CengageNOWv2 | Online teachin x
/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false
eBook
Calculator
Brief Exercise 10-49
Stock Dividend
Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common
stock issued, 10,000 shares treasury stock.
Required:
1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when
the dividend is declared?
Retained Earnings /
х
Common Stock /
х
Additional Paid-In Capital-Common Stock v
Feedback
Check My Work
2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when
the dividend is declared?
Retained Earnings /
Common Stock
4:09 PM
е н
4/9/2020
DELL
Home
End
Delete
PrtScr
Insert
F10
F11
F12
F8
F9
F4
F5
F6
F3
&
Backspace
{
E
т
H.
Σ
00
00
く0
00
D.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F545f4b90-04fc-4c77-a7de-56acd42d487b%2F0d40051e-d1ea-4d07-97cf-a3796f14beeb%2Fkpx1kkm.jpeg&w=3840&q=75)
Transcribed Image Text:Homepage - Minnesota State Un x
* My Home
CengageNOWv2 | Online teachin x
/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3false
eBook
Calculator
Brief Exercise 10-49
Stock Dividend
Augusta Corporation reported the following information: 35,000 shares of $3 par value common stock authorized, 30,000 shares common
stock issued, 10,000 shares treasury stock.
Required:
1. What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $40 per share when
the dividend is declared?
Retained Earnings /
х
Common Stock /
х
Additional Paid-In Capital-Common Stock v
Feedback
Check My Work
2. What is the appropriate journal entry to record a 30% stock dividend if the market price of the common stock is $40 per share when
the dividend is declared?
Retained Earnings /
Common Stock
4:09 PM
е н
4/9/2020
DELL
Home
End
Delete
PrtScr
Insert
F10
F11
F12
F8
F9
F4
F5
F6
F3
&
Backspace
{
E
т
H.
Σ
00
00
く0
00
D.
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