Date Account Titles and Explanation Debit Credit (a) Declaration date: Distribution date: ) (b) On December 1. 2020, S

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Date Account Titles and Explanation Debit Credit (a) Declaration date: Distribution date: ) (b) On December 1. 2020, S

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Date Account Titles And Explanation Debit Credit A Declaration Date Distribution Date B On December 1 2020 S 1
Date Account Titles And Explanation Debit Credit A Declaration Date Distribution Date B On December 1 2020 S 1 (47.12 KiB) Viewed 42 times
Date Account Titles and Explanation Debit Credit (a) Declaration date: Distribution date: ) (b)
On December 1. 2020, Sunland Company's stockholders' equity section is as follows: Common stock, $1 par value $205,000 Paid-in capital in excess of par value-Common Stock 590.000 Retained earnings 260.000 Total stockholders' equity $800.000 Sunland's board of directors is deliberating declaring either (a) a 100% stock dividend or (b) a 2-for-1 stock split. Prepare the journal entries that would be required for each option. Assume that the fair value of the stock on the declaration date is $8 per share. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually:) Date Account Titles and Explanation Debit Credit (a) Declaration date: Distribution date:
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