Rafael, Inc. had shares of $ par value common stock issued and outstanding as of December The
company is authorized to issue common shares. On December Rafael, Inc. declared a stock
dividend when the
market value for Rafael, Inc.s common stock was $ per share. The stock was issued on December
Requirements
Journalize the declaration and distribution of the stock dividend.
How many shares of common stock are outstanding after the dividend?
Requirement Journalize the declaration and distribution of the stock dividend. Record debits first, then credits. Select the
explanation on the last line of the journal entry table.
Start by journalizing the declaration of the stock dividend.
Now journalize the distribution of the stock dividend.
Requirement How many shares of common stock are outstanding after the dividend?
The number of shares of common stock outstanding after the dividend
