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Company Z has 2.75 million shares of common stock authorized with a par value of $1 and a market price of $65. There are 1.375

Company Z has 2.75 million shares of common stock authorized with a par value of $1 and a market price of $65. There are 1.375 million outstanding shares and 0.34375 million shares held in treasury stock.

a.

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.)

Record the declaration and distribution of the 10% stock dividend.

b.

Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. (Enter all amounts as positive values. Enter your answers in dollars and not in millions.)

Assets = Laibilities + Stockholders' Equity

c.

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.)

Record the declaration and distribution of the 100% stock dividend.

d.

Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. (Enter all amounts as positive values. Enter your answers in dollars and not in millions.)

Assets = Laibilities + Stockholders' Equity

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