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please answer all 4 parts to question 8. thank you. Centerville Bancshares has 31,000 shares of $3 par value common stock outstanding. Suppose Centerville declares
please answer all 4 parts to question 8. thank you.
Centerville Bancshares has 31,000 shares of $3 par value common stock outstanding. Suppose Centerville declares and distributes a 1% stock dividend when the market value of its stock is $25 pe share. 1. Journalize Centerville's declaration and distribution of the stock dividend on May 11. An explanation is not required. 2. What was the overall effect of the stock dividend on Centerville's total assets? On total liabilities? On total stockholders' equity? 1. Journalize Centerville's declaration and distribution of the stock dividend on May 11. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Journalize Centerville's declaration and distribution of the stock dividend on May 11. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.)Step by Step Solution
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