Mathematics, 18.02.2021 20:30 kev71
On June 13, the board of directors of Siewert Inc. declared a 8% stock dividend on its 50 million, $10 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $26 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend.
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On June 13, the board of directors of Siewert Inc. declared a 8% stock dividend on its 50 million, $...
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