On October 10, the Board of Directors of Pitcher Corporation

question 20

Essay

On October 10, the board of directors of Pitcher Corporation declared a 10% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $15 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend.

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Definitions:

Criteria Categories

The different classifications or groups based on specific standards or benchmarks for evaluation.

Recommendations Section

Part of a document or presentation that suggests actions or measures to be taken based on the analysis presented.

No Action

A decision or choice to not take any steps or perform any operations, sometimes used in the context of responding to proposals or issues.

Conclusions Section

The part of a document or presentation that summarizes the main points, discusses implications, and often suggests further research or action.