Transtech, Inc., has 200,000 shares of ($2.50) par common stock outstanding, Transtech, Inc., declares and distributes a
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Transtech, Inc., has 200,000 shares of \($2.50\) par common stock outstanding, Transtech, Inc., declares and distributes a 5% stock dividend when the market value of its stock is \($10\) per share.
1. Journalize Transtech’s declaration and distribution of the stock dividend on September 30. An explanation is not required.
2. What is the overall effect of the stock dividend on Transtech’s total assets? On total stockholders’ equity?
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