Beacon Corporation issued a 6 percent stock dividend on 36,000 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $27 per share. Required

• Compute the amount of the stock dividend.
• Show the effects of the stock dividend on the financial statements using a horizontal statements model.
• Prepare the journal entry to record the stock dividend.

A:

B:

C:

Beacon Corporation issued a 6 percent stock dividend on 36,000 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $27 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. Complete this question by entering your answers in the tabs below. Show the effects of the stock dividend on the financial statements using a horizontal statements model. (in the Statement of Cash Flows calumn, indicate whether the ite activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element was not affected by the event. Enter amounts to be deducted and minus sign.) Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select "No journal entr) in the first account field.) Journal entry worksheet wote: tnter aebits berore credits