Question 39 Stock Dividend and Stock Split Elias Corporation has 40.000 shares of $1.00 par vie.com stock outstanding as of October 31, 2018 Requirement A): Prepare entries in journal form if required fomitoplanation for the lowest transaction for the declaration of a stock dividend. On November 5, 2018 the Board of Directors declared a 10% stock dividend to be di stockholders of record as of December 1, 2018 on December 15, 2018. The market value stock was $15.00 on the date of declaration, November 5, 2018. Record the journal artyre declaration of the stock dividend on November 5. CREDITS DEBITS ACCOUNTS DATE On December 30, 2018 the Board of Directors decrear DATE ACCOUNTS DEBITS CREDITS On December 30, 2018 the Board of Directors declares a 2-for-1 stock split Requirement B) What is the number of common shares of stock outstanding of December 31 2018 and what is the par value after the split? (Hint remember there was both a stock dividend and stock split, the dividend occurred before the split) Common Shares Outstanding: Par Value, Common Stock: BIVAA.IEE 3X