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Business, 30.03.2021 03:30 ashley1460

"Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of which 500,000 shares are outstanding. When the market value was $9 per share, Druff issued a stock dividend by which for each ten shares held, one share was issued as a stock dividend. The par per share did not change. What entry did Druff record for this transaction?"

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"Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of wh...

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