Company Z has 2.85 million shares of common stock authorized with a par value of $1 and a market price of $67. There are 1.425 million outstanding shares and 0.35625 million shares held in treasury stock. a-1. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b-1. Prepare the journal entry if the company declares and distributes a 100% stock dividend b-2. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.
Paper#7532 | Written in 18-Jul-2015Price : $25