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Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.

Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.4BE: Entries for stock dividends Alpine Energy Corporation has 1,500,000 shares of 40 par common stock...
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Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.
Transcribed Image Text:Question 8 of 50 -/1 E ! View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17. the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a O credit to Common Stock Dividends Distributable for $161850. O credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. O credit to Cash for S161850.
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