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Posted: **Wed Jul 06, 2022 6:12 am**

: On July 1 Stubbs Corporation Had 300 000 No Par Value Common Shares Outstanding On This Day The Board Of Directors Dec 1 (30.15 KiB) Viewed 10 times

: On July 1 Stubbs Corporation Had 300 000 No Par Value Common Shares Outstanding On This Day The Board Of Directors Dec 2 (9.95 KiB) Viewed 10 times

On July 1, Stubbs Corporation had 300,000 no-par-value common shares outstanding. On this day the board of directors declared a 5% share dividend. The fair market value of each share was $10. A possible entry to record this dividend is Share Dividend Common Share Dividend Distributable Share Dividend Common Share Dividend Distributable 180,000 150,000 180,000 150,000
Share Dividend Cash Share Dividend Cash 150,000 180,000 150,000 180,000