The shareholders' equity of Core Technologies Company on June 30, 2020, included the following: Common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares Paid-in capital-excess of par Retained earnings $ 3,000,000 12,000,000 19,000,000 On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $34 on April 1, 2021, and $44 on June 1, 2021. Required: Complete the below table to calculate the stock dividend.. Prepare the journal entries to record the declaration and distribution of th stock dividend.

The shareholders' equity of Core Technologies Company on June 30, 2020, included the following: Common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares Paid-in capital-excess of par Retained earnings $ 3,000,000 12,000,000 19,000,000 On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $34 on April 1, 2021, and $44 on June 1, 2021. Required: Complete the below table to calculate the stock dividend.. Prepare the journal entries to record the declaration and distribution of th stock dividend.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

The shareholders' equity of Core Technologies Company on June 30, 2020, included the following:
Common stock, $1 par; authorized, 8 million shares;
issued and outstanding, 3 million shares
Paid-in capital-excess of par
Retained earnings
$ 3,000,000
12,000,000
19,000,000
On April 1, 2021, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on
June 1. The market price of Core Technologies' common stock was $34 on April 1, 2021, and $44 on June 1, 2021.
Required:
Complete the below table to calculate the stock dividend.. Prepare the journal entries to record the declaration and distribution of th
stock dividend.

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