kitakyushu inc a client is considering the authorization of a 264917
Kitakyushu Inc., a client, is considering the authorization of a 10% common stock dividend to common stockholders. The financial vice president of Kitakyushu wishes to discuss the accounting implications of such an authorization with you before the next meeting of the board of directors.
Instructions
(a) The first topic the vice president wishes to discuss is the nature of the stock dividend to the recipient. Discuss the case against considering the stock dividend as income to the recipient.
(b) The other topic for discussion is the propriety of issuing the stock dividend to all ?ostockholders of record?? or to ?ostockholders of record exclusive of shares held in the name of the corporation as treasury stock.?? Discuss the case against issuing stock dividends on treasury shares.
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