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During December 2019, BRC Declared and Issued a 1 for 5

question 171

Essay

During December 2019, BRC declared and issued a 1 for 5 stock dividend on its 100,000 outstanding common shares.The per share amounts were: original average issue price $16; current market price (end 2019)$13; and the average market price for 1999, $15.Give the required journal entry to record the simultaneous declaration and issuance of the stock dividend.


Definitions:

Halo Effect

A perception problem through which we form a positive or negative bias of an individual based on our overall impressions of that person.

Perceptual Distortion

A psychological phenomenon where an individual's perception or understanding of reality is inaccurately altered by cognitive biases or environmental factors.

Faculty

The academic staff of universities or colleges responsible for teaching and research.

Informal Learning

Planned or unplanned learning that occurs without a formal classroom, lesson plan, instructor, or examination; a way of learning complex skills in the workplace

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