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Highland Bancshares has 36,000 shares of $4 par value common stock outstanding. Suppose Highland declares and ostribules a 15% stock dividend whon the mariet valuo
Highland Bancshares has 36,000 shares of $4 par value common stock outstanding. Suppose Highland declares and ostribules a 15% stock dividend whon the mariet valuo of its stock is $18 per share. 1. Journalize Highlands declaration and distribution of the stock dividend on May 11. An explanation is not required. 2. What was the overal effect of the stock dividend on Highland's total assets? On total finblities? On total stockholders' equity
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