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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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Distinguish between small and large stock dividends. What amounts does a corporation use to record the declaration of each dividend?

To determine

Differentiate between the large stock dividend and small stock dividend and also specify the amount that must be recorded by the corporation when there is a declaration of dividend.

Explanation

Stock dividends:

Stock dividends are the number of shares issued by a company to the existing shareholders in a proportion to the number of shares owned by each shareholder, based on a stock dividend percentage.

Differentiate between the large stock dividend and small stock dividend and also specify the amount that must be recorded by the corporation when there is a declaration of dividend.

Large stock dividendSmall stock dividend
A stock dividend that is more than the 20% to 25% of the previously outstanding shares is considered to be large stock dividend...

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