Problem based on par common stock outstanding


Vincent Corporation has 73,000 shares of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $131 a share on June 30. journalize it.

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Accounting Basics: Problem based on par common stock outstanding
Reference No:- TGS080392

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