Rollins Corporation Has 1,000,000 Shares of $4 Par Value Common

question 113

Essay

Rollins Corporation has 1,000,000 shares of $4 par value common stock authorized,and 375,000 shares issued and outstanding.The stock had a market value of $22 per share when the board of directors declared a stock dividend.Prepare the journal entries to record the declaration and distribution of the stock dividend assuming (
A)a 10% stock dividend was declared and (b)a 60% stock dividend was declared.

• A)a 10% stock dividend was declared and (b)a 60% stock dividend was declared.

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Definitions:

Sibling Relationships

Describes the dynamic, interaction, and bond shared between or among siblings, which can influence individuals' social and emotional development.

Caregiver

An individual who provides care for another person, typically a family member or someone with a disability or illness.

Satisfactions

Feelings of fulfillment or contentment resulting from achieving desires, expectations, or needs.

Strains

Pressure or tension that arises from challenging or demanding circumstances.