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On December 1,2018,Garland,Inc

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Essay

On December 1,2018,Garland,Inc.had 200,000 shares of $1 par value common stock issued and outstanding.The next day,Garland declared and distributed a 50% stock dividend.The market value of the stock on December 2,2018 was $9 per share.Prepare the journal entry for the transaction.Omit explanation.


Definitions:

Registration Filing

The process of submitting required documents to a regulatory body to declare the details of securities to be offered to the public.

Regulation S-K

A set of SEC regulation that provides specific instructions on non-financial statement disclosures required as part of corporate securities offerings.

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective.

Real Estate Companies

Businesses involved in the buying, selling, management, or investment of real estate properties.

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