Rising Star Corporation currently has 129,000 shares outstanding of AED 3 par value common stock....
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Accounting
Rising Star Corporation currently has 129,000 shares outstanding of AED 3 par value common stock. The stock was originally issued for AED 14 per share. On March 15, the board of directors declares a 13% stock dividend when the stock is selling for AED 22 per share. (10 Points) 1. Stock Dividends = AED (4 pts) 2. Common Stock Dividend Distributable = AED 3. Paid-in Capital in Excess of Par-Common = (3 Pts) (3 Pts)
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