Mustang corporation had 100,000 shares of $2 par value common stock outstanding. on december 31, 2015, the company's board of directors declares a 20 percent stock dividend. this stock dividend will be distributed on january 20, 2016 to the stockholders of record on january 15, 2016. the market price of the company's stock is $10 per share on december 31, 2015. complete the necessary journal entry to record the distribution of the stock dividend by selecting the account names and dollar amounts from the drop-down menus.
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Mustang corporation had 100,000 shares of $2 par value common stock outstanding. on december 31, 201...
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