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Please also use and display a horizontal financial statements model Exerclse 8-15A Accounting for stock dividends Beacon Corporation issued a 5 percent stock dividend on
Please also use and display a horizontal financial statements model
Exerclse 8-15A Accounting for stock dividends Beacon Corporation issued a 5 percent stock dividend on 30,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $15 per share. Required a. Compute the amount of the stock dividend. b. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA to indicate accounts not affected by the eventStep by Step Solution
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