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(2 points) Tamarisk Corporation has outstanding 125,000 shares of $10 par value common stock. The corporation declares the following stock dividends when the fair value

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(2 points) Tamarisk Corporation has outstanding 125,000 shares of $10 par value common stock. The corporation declares the following stock dividends when the fair value of the stock is $65 per share. Prepare the journal entries for Tamarisk Corporation for both the date of declaration and the date of distribution. a. Stock dividend is 15% Accounts Debits Credits b. Stock dividend is 50% Accounts Debits Credits

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