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Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the market price per share is $19. The dividend shar…

Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the market price per share is $19. The dividend shar…
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Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the market price per share is $19. The dividend shares are issued on December 31.

Required:
Prepare the entries for the declaration and issuance of the stock dividend.

asked
User Gatothgaj
by
7.4k points

1 Answer

4 votes

Answer:

in my best defence, the answer is 22

Step-by-step explanation:

answered
User Lofihelsinki
by
7.7k points
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