Journalize Acre's declaration of the shares dividend. An explanation is not required.

What was the overall effect of the stock dividend on Acre's total assets? What about on its total liabilities and its total shareholders' equity?

Requirement $1.$ Journalize Acre's declaration of the shares dividend. An explanation is not required. $($Record debits first, then credits. Explanations are not required.$)$

Requirement $2.$ What was the overall effect of the stock dividend on Acre's total assets? What about on its total liabilities and its total shareholders' equity?

The stock dividends have

on total assets.

The stock dividends have

on total liabilities.

The stock dividends have

on total shareholders' equity.

a negative effect

a positive effect

no effect