Question
032531 Book Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 5 percent stock dividend on 33,500 shares of its
032531 Book Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 5 percent stock dividend on 33,500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Ash Required A Required B Compute the amount of the stock dividend. ock duidend Required B >
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