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Business, 27.05.2020 15:58 loganharper992
Company Z has 2.1 million shares of common stock authorized with a par value of $1 and a market price of $52. There are 1.05 million outstanding shares and 0.2625 million shares held in treasury stock. Required: Prepare the journal entry if the company declares and distributes a 10% stock dividend. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. Prepare the journal entry if the company declares and distributes a 100% stock dividend. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.
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Company Z has 2.1 million shares of common stock authorized with a par value of $1 and a market pric...
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