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Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following information: common stock, $1 par; 100,000 shares authorized; 33,000 shares issued and outstanding. Required:
Cornerstone Exercise 10-34 (Algorithmic) Stock Dividend Bower Corporation reported the following information: common stock, $1 par; 100,000 shares authorized; 33,000 shares issued and outstanding. Required: 1. what is the appropriate journal entry to record a 10% stock dividend if the market price of the common stock is $30 per share when the dividend is declared? (Record small stock dividend) 2. what is the appropriate ournal entry to record a 30% stock dividend if the market price of the common stock s se per share when the di idends dec ared (Record large stock dividend) . How do these transactions affect Bower's total stockholders' equity? Total stockholders' equity is by these transactions
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