Stock DividendsKaufman Company currently has 200,000 shares of $1 par common stock outstanding....
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Accounting
Stock DividendsKaufman Company currently has shares of $ par common stock outstanding. On March a stock dividend was declared to shareholders of record on April distributable on April Market value of the common stock was estimated at $ per share.Question Content AreaPrepare journal entries for the declaration and distribution of the common stock dividend.Cash DividendsCommon StockPaidIn Capital in Excess of ParCommon StockStock DividendsStock Dividends DistributableCashCommon StockStock DividendsStock Dividends DistributableStock Dividends PayableCommon StockPaidIn Capital in Excess of ParCommon StockPreferred StockRetained EarningsStock DividendsCashCommon StockPaidIn Capital in Excess of ParCommon StockStock DividendsStock Dividends DistributableCashCommon StockPaidIn Capital in Excess of ParCommon StockStock Dividends DistributableStock Dividends Expense
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