The records of Dixie Corporation showed the following balances on November 1,2020.Common stock, $10 par,...
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Accounting
The records of Dixie Corporation showed the following balances on November Common stock, $ par, shares outstanding $Paidin capital in excess of parRetained earningsThe fair value of its stock is $ per share.Accounting for Stock DividendsAccounting for Stock SplitsPrepare journal entries for the following three separate scenarios.a The company declares November and issues November a stock dividend.b The company declares November and issues November a stock dividend. Of the stock dividend shares, shares are whole shares and shares are fractional shares. It is the company's policy to pay out fractional shares in cash.c The company declares November and issues November a stock split effected in the form of a stock dividend.
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