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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
On January 1, 2016, Alpha Corporation had 250,000 shares of common stock outstanding with a par value of $4 per share. On March 31, Alpha Corporation authorized a 10% stock dividend when the market value was $9 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required."
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Can you please explain it? My answers are not balancing out-
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