INTERMEDIATE ACCOUNTING (LL)-W/ACCESS
INTERMEDIATE ACCOUNTING (LL)-W/ACCESS
17th Edition
ISBN: 9781119598565
Author: Kieso
Publisher: WILEY
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Chapter 15, Problem 13BE
To determine

Stock dividend: A stock dividend refers to issuing the own stocks to the stockholders on a pro rata basis by a corporation. The stock dividend results in an increase in the amount of legal or stated capital of the organization. This dividend can be recorded by adjusting the retained earnings or other capital accounts.

To determine and record the journal entry for stock dividend.

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