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Die Warted out 1667 Fag question Accounting for Large Stock Dividend and Stock Split Watts Corporation has 40,000 shares of $10 par valse common stock outstanding and retained earnings of $830,000. The company declares a 100% stock dividend. The market price at the declaration is $17 per share Prepare the general journal entry for the stock dividend if no journal entry is required select "No entry for your answers General Journal Description Dutie Credit b. Assume that the company spies its stock two shares for one share and reduces the par value from $10 to s rather than declaring a 100% stock didend. How does the accounting for the stock splatter from the accounting for the 100% rock dividend? Prepare the journal entry for the stock no journal eroy is retuired, select "No entry for your owers Oscar Credit Generala