Business, 12.08.2020 04:01, kturvey225

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 18,000, $9 par, common shares. The market price of the common stock is $38 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1.

Record the stock dividend assuming a small (10%) stock dividend.

2.

Record the stock dividend assuming a large (100%) stock dividend.

3.

Record the stock dividend assuming a 2-for-1 stock split.

Answers: 2

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On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on it...