1. On January 2, 2024, Palmer Corporation had $1,200,000 of $10 par common stock outstanding. They declare a 5% stock dividend. Prepare the entries to declare and issue the stock dividend assuming the market price was $50.

b. Now assume they declacre 10% stock dividend when the par value was $5 per share and market market price was $25 per share

Autosave orf 2. NEW Chapter 14 Homework 2023 Insert Draw Page Layout Formulas Data Q Tell me A Font %. Number Conditional Formatting Format as Table Cell Styles Comments Share Cells Update Availab. We've made some fixes and improvements. To complete the process, the a... Restart Now b. Now assume they declare a 10% stock dividend when the par value was $5 per share and the market price was $25 per share. Number of Shares of Common: ($1,200,000/$5)