Problem

Recording a Stock DividendShriver Food Systems, Inc., has issued a 40 percent stock divide...

Recording a Stock Dividend

Shriver Food Systems, Inc., has issued a 40 percent stock dividend. The company has 752,000 shares authorized and 200,000 shares outstanding. The par value of the stock is $10 per share, and the market value is $130 per share. Record the payment of this stock dividend.

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