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Analyzing and Identifying Financial Statement Effects of Dividends dividend of $2.30 per share and declares and issues a 6% stock dividend. The market price of
Analyzing and Identifying Financial Statement Effects of Dividends dividend of $2.30 per share and declares and issues a 6% stock dividend. The market price of the stock at the declaration date is $45 per share. a. Using the financial statement effects template, illustrate the effects of these two separate dividends. Use negative signs with answers when appropriate. When applicable, enter total amount for contributed capital. b. Prepare the journal entries for these two separate dividend transactions. c. Post the journal entries from b to the related T-accounts
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