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VikaD [51]
3 years ago
8

Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the

market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the orde

Business
1 answer:
Sliva [168]3 years ago
4 0

Answer: The answer has been provided below

Explanation:

From the information given in the question, the number of shares that are allotted as stock dividend will be:

= 44,000 × 11%

= 44,000 × 0.11

= 4840

Stock dividend:

= 4840 × $19

= $91960

The common stock dividend shared:

= 4840 × $11

= $53240

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castortr0y [4]
Estée lauder would not choose to sell to cvs or dollar general because "<span>customer expectations."</span>

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4 years ago
Driving consists of a ______________ process that is used hundreds of times per mile traveled
abruzzese [7]

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6 0
3 years ago
In 2005, mandy and hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. of the $600,000
Romashka [77]

Answer:

$500,000

Explanation:

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4 0
3 years ago
Which is one of the best ways to avoid credit problems​
liq [111]

paying your bills on time if not your credit will go down

8 0
3 years ago
One type of mutual fund does not endeavor to achieve the goals of a balance of bonds and stock or​ growth, income, and stability
jonny [76]

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