Business
Business, 22.11.2019 04:31, girlwholikesanime

The shareholders’ equity of core technologies company on june 30, 2020, included the following: common stock, $1 par; authorized, 8 million shares; issued and outstanding, 3 million shares $ 3,000,000 paid-in capital—excess of par 12,000,000 retained earnings 14,000,000 on april 1, 2021, the board of directors of core technologies declared a 10% stock dividend on common shares, to be distributed on june 1. the market price of core technologies’ common stock was $30 on april 1, 2021, and $40 on june 1, 2021.complete the below table to calculate the stock dividend. prepare the journal entries to record the declaration and distribution of the stock dividend.

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