Sara Corporation has 60,000 shares of $6 par value common stock outstanding. It declared a 15% stock dividend on May 1 when the market price per share was $10. The shares were issued on June 1.The entry for the declaration of the stock dividend will inclu
Sara Corporation has 60,000 shares of $6 par value common stock outstanding. It declared a 15% stock dividend on May 1 when the market price per share was $10. The shares were issued on June 1.