Quest has 10,000 shares of \$1 par value stock outstanding. On December 31, Quest declared...
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Accounting
Quest has 10,000 shares of \$1 par value stock outstanding. On December 31, Quest declared a 10\% stock dividend, when the stock was selling for $15 per share. The stock will be distributed to stockholders on January 20 . Let's prepare the December 31 entry. Then prepare the entry for when the stock is distributed on January 20
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