New Tab Search ?Acct2206 Registration xy D ch.18 Test tc O ezto.mheducation.com/

Question

New Tab Search ?Acct2206 Registration xy D ch.18 Test tc O ezto.mheducation.com/hm.tpx 4?1 10.00 points Brief Exercise 18-13 Stock dividend LO18-8] On June 13, the board of directors of Siewert Inc declared a 6% stock dividend on its 50 minon, si par, common shares, to be distributed on July 1. The market price of Siewert common stock was $19 on June 13 Complete the below table to cakculate the stock dividend. (Enter your answers in millions (i.e. 10,000,000 should be entered as 10).) Nunber of outstanding shares Stock dividend percentage Number of shares to be issued Value of stock dvidend Prepere the journal entry to recard the stock dvidand. (f no entry is required for a transaction/event, seloct "No journal entry required" in the first account field. Enter your answers in milions .e. 10,000,000 should be entered as 10).) Journal entry worksheet Record the stock dividend Note: Enter debits belure credits TOSHIBA esc 2 3 4 5

Explanation / Answer

Journal entry:

Stock dividend Number of outstanding shares 50 Stock dividend percentage 6% number of shares to be issued (50*6%) 3 market price per share $19 value of stock dividend $57

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.