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On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: The board of directors declared a 10% stock dividend while the market price

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On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: The board of directors declared a 10% stock dividend while the market price was $16 per share. Instructions (a) Journalize the entries needed for the declaration and distribution of the stock dividend. (b) Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed. (c) Show number of shares outstanding before and after the stock dividend

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