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question the stockholders 39 equity for heavenly desserts drive ins hd on july 16 20 4289632


The stockholders' equity for Heavenly Desserts Drive-Ins (HD) on July 16, 2015, follows:

On July 16, 2015, he market price of HD common stock was $17 per share. Assume HD declared and distributed a 25% stock dividend on this date.

1) Journalize the declaration and distribution of the 25% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.)

2) Prepare the stockholders' equity section of the balance sheet after the stock dividend.

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