On July 1, 2015, NTC Had Outstanding 10,000 Common Shares

question 31

Essay

On July 1, 2015, NTC had outstanding 10,000 common shares, (originally sold at $12); the quoted market price currently is $16.The company declared and issued a 10% common stock dividend.Give the entry.

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Definitions:

Industries

Sectors or categories of business activity focused on the production or delivery of goods and services.

Employer-Provided

Services or benefits offered to employees directly by their employer, such as health insurance, retirement plans, or transportation allowances.

Less Cost

Refers to a reduction in expenses or costs incurred by an organization or individual.

Direct Pay

Wages or salaries that employees receive directly from their employer as compensation for their labor.