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ACC - Week 5 Problem Ex 13-41




Question;The capital accounts for Alston Market on June 30, 2015 are as follows:Common Stock, $6 par, 50,000 shares issued and outstanding???????..$300,000Paid-in Capital in excess of par??????????????????????????..600,000Retained earnings????????????????????????????????...1,840,000Shares of the company?s stock are selling at this time at $44. What entries would you make in each of the following cases?(a) A 10% stock dividend is declared and issued.(b) A 50% stock dividend is declared and issued.(c) ? A 2-for-1 stock split is declared and issued.


Paper#41652 | Written in 18-Jul-2015

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