Huron Company had 50,000 shares of $50 par value common stock outstanding on June 30,2016. On July 1, the board of directors declared a 10% stock dividend when the marketvalue of each share was $54.The journal entry on July 1 will include:Question 4 options:A) A credit to Stock Dividend Distributable for $270,000B) A debit to Retained Earnings for $250,000C) A credit to Stock Dividend Distributable for $250,000|D) A credit to Paid-in capital in excess of par value $270,000.

Journal entries record accounting transactions entered during a fiscal year.Journal entries are…

Answered: Huron Company had 50,000 shares of $50…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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dave inc. declared 40% stock dividend on its 120,000 outstanding common shares (with a par value of $5 per share) on september 10 2021. the stock was trading for $35 at the declaration date. the stock were distributed in the form of dividends on october 20 2021. prepare journal entries on september 10 and october 20. what is the equivalent stock split of this 40% stock dividend?
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