29-ABC Company currently has 100,000 shares outstanding that are trading at OMR 5.500 per share. The company declares 10% stock dividend by issuing 10,000 additional to the existing shareholders at

29-ABC Company currently has 100,000 shares outstanding that are trading at OMR 5.500 per share. The company declares 10% stock dividend by issuing 10,000 additional to the existing shareholders at an issue price of OMR 5 per share. is the journal entry for stock dividend declared? a. Stock dividend account Debit OMR 55,000;Dividend payable account credit OMR 55,000 b. Stock dividend account Debit OMR 50,000;Stock dividend distributable account Credit OMR 50,000 c. None of the option is correct d. Stock dividend distributable account Debit OMR 50,000; Stock dividend account Credit OMR 50,000;

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.