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ABC Co has 500,000 shares of $1 par value common stock issued and outstanding. Provide entries to record the declaration and payment/issuance of the following

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ABC Co has 500,000 shares of $1 par value common stock issued and outstanding. Provide entries to record the declaration and payment/issuance of the following INDEPENDENT events (2 entries each!) 1. $0.20 cash dividend per share 2. 10% stock dividend. The market value per share at the date of declaration was $12/ share. 3. Assume a 5:2 stock split takes place. What is the new number of shares outstanding, and what is the new par value per share

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