Happy Holiday, Inc. has 100,000 shares of common stock issued and outstanding, with a par value of $0.01 per share. They distributed a 15% common stock dividend; market value is $12 per share. Please provide the journal entry to record this transaction.
Definitions:
Economic Performance
Refers to the assessment of how well an economy or business entity achieves its objectives in terms of growth, profitability, and sustainability.
Strong Cultures
Refers to business environments where the company's core values are both widely understood and intensely held by employees.
Low Turnover
A situation in which an organization or industry experiences a minor rate of employee departures and replacements, indicating stability or employee satisfaction.
Bureaucratic
Relating to a system of government or organization that is characterized by strict procedures, rules, and a hierarchical structure of authority.
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