Business, 17.08.2019 18:10 mercedesamatap21hx0

On january 1, year 2, zook company had 26,000 shares of $1 par common stock outstanding. during october, year 2, the company’s board of directors declared and distributed a 1% common stock dividend when the market value of its common stock was $56 per share. in recording this transaction, what amount will be debited to retained earnings in the journal entry to record the stock dividend?

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On january 1, year 2, zook company had 26,000 shares of $1 par common stock outstanding. during octo...