An 8% Stock Dividend Was Declared and Distributed on 3,000

question 9

Essay

An 8% stock dividend was declared and distributed on 3,000 shares of par $10 common stock when its market price was $32. Prepare the journal entry required by the stock dividend.

---

Definitions:

National Woman's Party

A political group founded in the early 20th century that fought for women's suffrage in the United States, notable for its more radical tactics and focus on securing a federal amendment.

Democratic Party

A major political party in the United States that primarily supports liberal and progressive policies.

Trust-Busting Laws

Legislation intended to break up monopolies and trusts by promoting fair competition, notably employed by the U.S. government in the early 20th century.