Schulze has 600,000 shares of $2 par value common stock outstanding. The current market price of the stock is $150 per share. Schulze distributes a small stock dividend of 15% of the outstanding shares of common stock. Record the financial statement effects of the stock dividend in the financial statement template.

Question

Schulze has 600,000 shares of $2 par value common stock outstanding. The current market price of the stock is $150 per share. Schulze distributes a small stock dividend of 15% of the outstanding shares of common stock. Record the financial statement effects of the stock dividend in the financial statement template.
Schulze has 600,000 shares of $2 par value common stock outstanding. The current market price of the stock is $150 per share. Schulze distributes a small stock dividend of 15% of the outstanding shares of common stock. Record the financial statement effects of the stock dividend in the financial statement template.

Quizplus · Accepted Answer

The Answer of Schulze has 600,000 shares of $2 par value common stock outstanding. The current market price of the stock is $150 per share. Schulze distributes a small stock dividend of 15% of the outstanding shares of common stock. Record the financial statement effects of the stock dividend in the financial statement template.

Schulze Has 600,000 Shares of $2 Par Value Common Stock