The Shareholders Equity Of Core Technologies Company On June 30 2020 Included The Following Common Stock 1 Par Au 1 (100.15 KiB) Viewed 13 times
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, 4 million shares Paid-in capital-excess of par $ 4,000,000 16,000,000 17,000,000 Retained earnings 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 $38 on April 1, 2021, and $48 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 the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Complete the below table to calculate the stock dividend. Stock Dividend Number of outstanding shares Stock dividend percentage (%) % Number of shares to be issued Value of stock dividend Stock Dividend General Journal >
Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Prepare the journal entries to record the declaration and distribution of the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the declaration of the stock dividend. Note: Enter debits before credits. Date General Journal April 01, 2021 Clear entry Record entry Debit Credit View general journal
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!