Vincent Corporation has 100,000 shares
Question # 00530199
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Updated on: 05/19/2017 02:55 AM Due on: 05/19/2017
1. Vincent Corporation has 100,000 shares of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $132 a share on June 30. Journalize the entries required on June 30, July 15, and July 30.
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Rating:
/5
Solution: Vincent Corporation has 100,000 shares