Milton Corporation Declared and Distributed a 8% Stock Dividend

question 27

Essay

Milton Corporation declared and distributed a 8% stock dividend.Milton had 440,000 common shares outstanding and 940,000 common shares authorized before the stock dividend.The board of directors determined the appropriate market value per share as $10.
Required:
How much should be recorded for the stock dividend? Record the journal entry (if any)for the shares distributed.

Recognize the role of sensory processes (sight, touch, hearing, taste, smell) in perception.

Identify and describe various phenomena related to visual perception, such as constancy and depth cues.

Comprehend the principles of top-down and bottom-up processing in perception.

Understand the theories related to sound perception and the functioning of the auditory system.

---

Definitions:

Net Operating Income

The net income of a company before taxes and interest are taken out, but after operational costs have been deducted.

Average Operating Assets

Average operating assets are calculated as the average total assets used in day-to-day operations over a specified period, typically used in performance measurement.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Units per Year

A measure of production output or activity volume, indicating the number of units produced or sold within a year.