SushiMagic
SushiMagic
12.02.2021 • 
Business

Indigo Corporation has outstanding 303,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for Indigo Corporation for both the date of declaration and the date of distribution.

Solved
Show answers

Ask an AI advisor a question