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Beacon Corporation issued a 7 percent stock dividend on 27,500 shares of its $9 par common stock. At the time of the dividend, the
Beacon Corporation issued a 7 percent stock dividend on 27,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $26 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend
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