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The directors of Lenox Corporation are considering issuing a stock dividend. Required: a. What is a stock dividend? How is a stock dividend distinguished from

The directors of Lenox Corporation are considering issuing a stock dividend.

Required:

a. What is a stock dividend? How is a stock dividend distinguished from a

stock split from a legal standpoint? From an accounting standpoint?

b. For what reasons does a corporation usually declare a stock dividend?

A stock split?

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