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Beacon Corporation issued a 6 percent stock dividend on 26,500 shares of its $9 par common stock. At the time of the dividend, the market

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Beacon Corporation issued a 6 percent stock dividend on 26,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $21 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. c. Prepare the journal entry to record the stock dividend. Complete this question by entering your answers in the tabs below. Compute the amount of the stock dividend. Show the effects of the stock dividend on the financial statements using a horizontal statements model. (In the Statement of Cash Flows colu activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element was not affected by the event. Enter a minus sign.) Journal entry worksheet Note: Enter debits before credits

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