Company Z has 2.35 million shares of common stock authorized with a par value of $1...
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Company Z has 2.35 million shares of common stock authorized with a par value of $1 and a market price of $57. There are 1.175 million outstanding shares and 0.29375 million shares held in treasury stock. Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars and not in millions.) View transaction list Journal entry worksheet < A Record the declaration and distribution of the 10% stock dividend. Note: Enter debits before credits. Transaction General Journal Debit Credit Company Z has 2.35 million shares of common stock authorized with a par value of $1 and a market price of $57. There are 1.175 million outstanding shares and 0.29375 million shares held in treasury stock. Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars and not in millions.) View transaction list Journal entry worksheet < A Record the declaration and distribution of the 10% stock dividend. Note: Enter debits before credits. Transaction General Journal Debit Credit
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