chapter 11 question 4

Beacon Corporation issued a 6 percent stock dividend on 38,500 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $24 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 joumal 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 flc activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element was not affected by the event. minus sign.) itements using a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating (FA). Leave blank to indicate that an element was not affected by the event. Enter amounts to be deducted and cash outflows with a Prepare the joumal entry to record the stock dividend. (If no entry is required for a transaction/event, select "No journal entry require in the first account field.)