Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 6 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 4.00

Scottie Company

On September 15, 2011, the Scottie Company board of directors declared a 10% stock dividend on common shares. The shares are to be distributed on October 10, 2011, to shareholders of record on October 1, 2011. The market price per share on the date of declaration was $24 while the market price on the date of distribution was $26. The common stock has a par value of $5 per share and there were 1,000,000 shares outstanding prior to the declaration of the stock dividend.

Answers

(5)
Status NEW Posted 12 Aug 2017 01:08 AM My Price 4.00

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