Vincent corporation has 90,000 shares of $105 per common stock outstanding. On June 30 Vincent corporation declared 3% stock dividend to be issued on July 30 to stockholders of record July 13. The market price of the stock was $123 a share on June 30. Journalize

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.