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Business, 24.02.2022 15:30 decapria

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2021, the company's board of directors declares a 50 percent stock dividend. This stock dividend will be distributed on January 20, 2022 to the stockholders of record on January 15, 2022. The market price of the company's stock is $10 per share on December 31, 2021. Required:
Write donw the necessary journal entry to record the declaration of the stock.

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Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 202...
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