Business, 13.06.2020 21:57 mika08

On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock’s market value is $31 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend declaration and its distribution.

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On February 5, the directors declare a 2% stock dividend distributable on February 28 to the Februar...