Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 5 percent stock dividend on 32,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $23 per share. Required: Book a. Compute the amount of the stock dividend. Hint b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Ask