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please formulas Problem 11-249 [LO 11-3] Company Z has 8 million shares of common stock authorized with a par value of $1 and a market
please formulas
Problem 11-249 [LO 11-3] Company Z has 8 million shares of common stock authorized with a par value of $1 and a market price of $72. There are 4 millio outstanding shares and 1 million shares held in treasury stock. Required: 339 a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required c Required D Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/eve select "No Journal Entry Required in the first account field. Enter your answers in dollars and not in millions.) View transaction list Journal entry worksheetStep by Step Solution
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