Two part : Beacon Corporation issued a 5 percent stock dividend on 34,500 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $23 per share Required a. Compute the amount of the stock dividend Show the effects of the stock dividend on the financial statements using a horizontal statements model . In the Cash Flow column whether the item is an operating activity (OA), investing activity ()or financing activity (FA)If an element was not affected by the event leave the cell blank

Beacon Corporation issued a 5 percent stock dividend on 34,500 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $23 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA). or financing activity (FA). If an element was not affected by the event, leave the cell blank. Complete this question by entering your answers in the tabs below. Compute the amount of the stock dividend. Beacon Corporation issued a 5 percent stock dividend on 34,500 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $23 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. Complete this question by entering your answers in the tabs below. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow calumn, indicate wheth investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. (Enter any decreases to accoun