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Assume the same information as in question #7, except XYZ Co instead declared a 100% stock dividend. a) Prepare a journal entry for April 1st.

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Assume the same information as in question #7, except XYZ Co instead declared a 100% stock dividend. a) Prepare a journal entry for April 1st. b) Prepare a journal entry for April 15th. c) What would be the new balance for Retained Earnings after the 100% stock dividend? d) What would be the total effect [dollar increase or decrease] in stockholders' equity after the 100% stock dividend? Assume the same information as in question #7, except XYZ Co instead declared a 100% stock dividend. a) Prepare a journal entry for April 1st. b) Prepare a journal entry for April 15th. c) What would be the new balance for Retained Earnings after the 100% stock dividend? d) What would be the total effect [dollar increase or decrease] in stockholders' equity after the 100% stock dividend

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