-0.663268163748644 1512942161796 value 10.00 points On June 13, the board of dir

Question

-0.663268163748644 1512942161796 value 10.00 points On June 13, the board of directors of Sievert Inc declareda 6% stock dvidend on its 100 millon, S5 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $31 on June 13. Compiete the below table to calculate tho stock dividend. (Enter your answers in millions (ie. 10,000,000 should be entered as 10)-) Stock Dividend 100 6% 6 180.00 1,080 Number of outstanding shares Stock dividend percentage Number of shares to be issued x Market Value per share Value of stock dividend

Explanation / Answer

Stock dividend number of outstanding shares 100 stock dividend percentage 6% number of shares to be issued 6 market value per share 31 value of stock dividend 186 journal entry general journal Debit Credit Retained earnings (6*31) 186 common stock dividend distributable 30 paid in capital in excess of par (6*26) 156

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