Exercise 11-15A Accounting for stock dividends LO 11-7 Beacon Corporation issued a 5 percent stock dividend on 20.000 shares of its $10 per common stock. At the time of the dividend, the market value of the stock was $15 per share Required 1. Compute the amount of the stock dividend den 22.500 b. Show the effects of the stock dividend on the financial statements using a horizontal statements model in the Cash Flow column Indicate whether the item is an operating activity (OA), investing activity Alor financing activity (FA) LIS NA to indicate that an clement was not affected by the event (Amounts to be deducted should be indicated with a minus sign) LI Income Revenue Expert Netcom Cash Flow Balance Sheet Bruckholders Equity Common PIC in Hutain Stock LE Caring 35.000 7,500 Cash - 2000 nu c. Prepare the journal entry to record the stock dividend. Of no entry is required for a transaction event. relect "No joalety required in the first account field) Prev 46 H Next > MED Pro esc G Search or type URL ! 1 W 3 % 5 4 2 & 7 6 B 9 O Q W E R T Y U 1 0 ab A S D F G H j K L s lock N