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P14-9. I have attached the document I need help with. P14-9 Stock dividend: Firm Columbia Paper has the following stockholders' equity account. The firm's common

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P14-9. I have attached the document I need help with.

image text in transcribed P14-9 Stock dividend: Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $30 per share. Preferred stock Common stock (10,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $100,000 20,000 280,000 100,000 $500,000 a. Show the effects on Columbia of a 5% stock dividend. b. Show the effects of (1) a 10% and (2) a 20% stock dividend. c. In light of your answers to parts a and b, discuss the effects of stock dividends on stockholders' equity

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