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Company Z has 2.45 million shares of common stock authorized with a par value of $1 and a market price of $59. There are 1.225
Company Z has 2.45 million shares of common stock authorized with a par value of $1 and a market price of $59. There are 1.225 million outstanding shares and 0.30625 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. Answer is not complete. Complete this question by entering your answers in the table below. 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.) Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. (Enter all amounts as positive values. Enter your answers in do millions.) Answer is not complete. Complete this question by entering your answers in the table below. Prepare the journal entry if the company declares and distributes a 100% 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.) Answer is not complete. Complete this question by entering your answers in the table below
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