Business, 11.06.2021 15:50 kell22wolf

On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7, the company declared a 5% stock dividend to stockholders of record on May 21. Market value of the stock was $16 on May 7. The stock was distributed on May 24. The entry to record the transaction of May 24 would include a

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On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7,...