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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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