(SOLVED) Fossil Inc declared a 4 percent stock dividend on its


Question Description:

$19

Fossil, Inc., declared a 4 percent stock dividend on its 750,000 shares of common stock. The $10 par value common stock was originally sold for $14 and was selling at $17 at the time the stock dividend was declared. Prepare the general journal entries to record and distribute the stock dividend.

Answer

$19