PROBLEM 2 The Brahms Music Company is offering shareholders a stock dividend 50% of the...
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PROBLEM 2 The Brahms Music Company is offering shareholders a stock dividend 50% of the outstanding shares. The current shares outstanding are 1,000,000 and the par value of the stock is $2.00. The stock was trading at $25.00 per share at the time this stock dividend was issued. A. Provide the journal entry Brahms will use to record the stock dividend. Accounts Dr. Cr. The Thanksgiving ver Company is offering shareholders a stock dividend 15% of the outstanding shares. The current shares outstanding are 1,000,000 and the par value of the stock is $3.00. The stock was trading at $40.00 per share at the time this stock dividend was issued. B. Provide the journal entry Thanksgiving Forever will use to record the stock dividend. Accounts Dr. Cr. 2
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