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1 hour to submit please help soon! Company Z has 2 million shares of common stock authorized with a par value of $1 and a
1 hour to submit please help soon!
Company Z has 2 million shares of common stock authorized with a par value of $1 and a market price of $50. There are 1 million outstanding shares and 0.25 million shares held in treasury stock. Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity c. Prepare the journal entry if the company declares and distributes a 100% stock dlvidend. d. Show the effect of the 100\% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Prepare the joumal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transactione select "No Journal Entry Required" In the first account field. Enter your answers in dollars and not in millions.) Journal entry worksheet Record the deciaration and distribution of the 10% stock dividend. Journal entry worksheet Record the declaration and distribution of the 10% stock dividend. Note: Enter debits before credits. Complete this question by entering your answers in the table below. Show the effect of the 10% stock dividend on assets, Habilities, and stockholders' equity. (Enter ail amounts as positive values. Enter mitsons.) Journal entry worksheet Record the declaration and distribution of the 100% stock dividend. Note: Enter debits before credits. W the ertect of the 10% stock oividend on assets, liabuities, and stocknolders equity. pare the joumal entry if the company declares and distributes a 100% stock dividend. w the effect of the 100% stock dividend on assets. liabilities, and stockholders' equity. nplete this question by entering your answers in the table below Step by Step Solution
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