Solution-Record the entry on the declaration date

Record the entry on the declaration date

Reference no: EM132862273

Question - Malave's Corporation declares a 12% stock dividend on its 85,000 shares of $7 par value common stock. The current fair market value of its stock is $15 per share.

Required -

Record the entry on the declaration date.

Record the journal entry when Malave's Corporation issues the dividend shares.

Reference no: EM132862273

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Record the entry on the declaration date

Reference no: EM132862273

Reference no: EM132862273

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