Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. belkin incorporated has 119,000 shares of $3 par v

Belkin Incorporated has 119,000 shares of $3 par value common stock outstanding. Belkin declares a...

50.1K

Verified Solution

Question

Accounting

image Belkin Incorporated has 119,000 shares of $3 par value common stock outstanding. Belkin declares a 59% stock dividend on March 2 when the stock's market value is $91 per share. Prepare the journal entry for declaration of the stock dividend. Journal entry worksheet Record the declaration of a 59\% stock dividend. Note: Enter debits before credits

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Problem 11-10 Replacement Analysis St. Johns River Shipyards' welding machine is 15 years old, fully depreciated, and has...

Medical Sciences
1.2K views

Pick three digestive tract illnesses and discuss what causes these issues? (Reproductive system chapter 19 fundamental...

Basic Math
1.2K views

Im doing an econometric assignment and need to use the program STATA do estimate some linear...

Physics
1.2K views

The small current in reverse bias condition are due to A B D Electrons Majority...

Basic Math
1.2K views

1 2 3 4 5 FRACTION OF INCHES ONLY 33 7 16 33 437 24...

Basic Math
1.2K views

Let P(x, y) be the terminal point on the unit circle determined by t. Then...

Algebra
1.2K views

2a b 10ab c 2ab

Accounting
1.2K views

Conduct a SWOT analysis for samsung company

Accounting
1.2K views

How does the depreciation value end up being $2900?

Accounting
1.2K views

A certified cheque is... Multiple Choice A. a promissory note. ...

Accounting
1.2K views

Morton Companys contribution format income statement for last month is given below: ...

Accounting
1.2K views

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as...