Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. global corporation had 42,000 shares of $20 par va

Global Corporation had 42,000 shares of $20 par value common stock outstanding on July 1....

60.1K

Verified Solution

Question

Accounting

Global Corporation had 42,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20% stock dividend when the market value of each share was $26. The entry to record the dividend declaration is:

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

Answer all the items. To submit your exam you can either upload the file or upload...

Medical Sciences
1.2K views

23) If Michael suffers a vertebral injury and is paralyzed from the waist down, this means...

Geometry
1.2K views

ST 7 Find the area shaded below Express your answer as a fraction times T...

Geometry
1.2K views

8 a In AXYZ XY YZ b In ARST RS 6 ST 7 and RT...

Basic Math
1.2K views

The fractional reserve characteristic of the banking system allows banks to create money and also...

Algebra
1.2K views

Given the function f x 6x 7 a Find f 1 b Graph f and...

Accounting
1.2K views

TB MC Qu. 10-118 (Static) Yelk Garage reports... Yelk Garage reports the following...

Accounting
1.2K views

Following are accounts and year-end adjusted balances of Cruz Company as of December...

Accounting
1.2K views

Can accounting, "the language of business", measure and report non-financial information that truly makes a...

Accounting
1.2K views

managerial cost accounting, please help .. thank you ...

Accounting
1.2K views

Manufacturing overhead was estimated to be $453,200 for the year along with 20,600 direct labor...

Accounting
1.2K views

Daily Market, a grocery and general merchandise retailer, has recently offered its consumers convenience through...