Exercise $11-15$A $($Algo$)$ Accounting for stock dividends LO $11-7$

$4\mathrm{.}28$ points

Beacon Corporation issued a $8$ percent stock dividend on $24,500$ shares of its $$8$ par common stock. At the time of the dividend, the market value of the stock was $$22$ per share.

Required

a$.$ Compute the amount of the stock dividend.

b$.$ Show the effects of the stock dividend on the financial statements using a horizontal statements model.

c$.$ Prepare the journal entry to record the stock dividend.

Complete this question by entering your answers in the tabs below.

Required $A$

References

Compute the amount of the stock dividend.

Stock dividend