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  3. coronado, inc. declares a 20% common stock dividen

Coronado, Inc. declares a 20% common stock dividend when it has 70900 shares of $10...

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Accounting

Coronado, Inc. declares a 20% common stock dividend when it has 70900 shares of $10 par value common stock outstanding. If the market value of $24 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Stock Dividends 0 $141800 $141800 $340320 $340320 Paid-in Capital Excess of Par $198520 $0 $198520 $141800

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Coronado, Inc. declares a 20% common stock dividend when it has 70900 shares of $10 par value common stock outstanding. If the market value of \$24 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Stock Dividends Paid-in Capital Excess of Par $141800$198520 $141800$0 $340320$198520 $340320$141800

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