Business, 07.03.2020 03:37, pickelswolf3036

Nash Corporation has outstanding 343,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $64 per share. Prepare the journal entries for Nash Corporation for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Nash Corporation has outstanding 343,000 shares of $10 par value common stock. The corporation decla...