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Company: Facebook, Inc. Transaction: Declared a 10% stock dividend when the market price per share was $100. Requirements: a. Prepare the journal entry to record
Company: Facebook, Inc. Transaction: Declared a 10% stock dividend when the market price per share was $100. Requirements: a. Prepare the journal entry to record the declaration of the stock dividend. b. Calculate the number of additional shares issued. c. Record the common stock dividend distributable. d. Determine the effect on the total equity. e. Update the stockholders' equity section of the balance sheet.
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