Landess Corporation currently has 120,000 shares outstanding of $1 par value common stock. The stock was originally issued for $12 per share. On March 15, the board of directors declares a 10% stock dividend when the stock is selling for $16 per share. Prepare the journal entry to record the stock dividend.
Definitions:
Repetitive Tasks
Activities or processes that are performed in the same manner repeatedly over a period of time.
Capitalism
A system where the production means are privately owned and goods or services are produced for profit.
Manufacturing
The process of using raw materials, labor, and machinery to produce goods on a large scale for consumption or further use in other industries.
Service Sectors
The segment of the economy that involves providing services rather than producing goods, including industries like healthcare, education, and finance.
Q1: Avatar Company uses the indirect method to
Q4: A net loss for the year increases
Q31: The wages and benefits of the sales
Q59: The main reason companies retire bonds prior
Q71: Which of the following will decrease the
Q74: The following information pertains to Bright Toy
Q103: The time value of money is related
Q135: The only part that differs in a
Q148: The balance in the Bonds payable account
Q161: Moretown Company had the following transactions in