On June 13, the board of directors of Siewert Inc. declared a 8% stock dividend...
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Accounting
On June 13, the board of directors of Siewert Inc. declared a 8% stock dividend on its 100 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $24 on June 13. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the declaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Stock Dividend General Journal Complete the below table to calculate the stock dividend. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Stock Dividend Number of outstanding shares Stock dividend percentage (%) Number of shares to be issued % Value of stock dividend $ 0 Stock Dividend General Journal >
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