Dan Druff Shampoo Has 1,000,000 Shares of Common Stock Authorized

question 170

Multiple Choice

Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par value of $1 per share, of which 500,000 shares are outstanding. When the market value was $9 per share, Druff issued a stock dividend by which for each ten shares held, one share was issued as a stock dividend. The par per share did not change. What entry did Druff record for this transaction?

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A fundamental human right guaranteeing protection of the individual's physical integrity against unlawful interference by the state.

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