Upper turf incorporated has 16,000 shares of $5 par value common stock outstanding. Upper turf incorporated distributes a 5% stock dividend when the market value of its stock is $24 per share. Journalize upper turf incorporated 's declaration of the stock dividend on September 15 and distribution on September 30.

Requirement 2: what is the overall effect of the stock dividend on upper turf incorporated 's total assets? Positive, negative, or no effect. The stock dividends have ______on total assets.

Requirement 3: what is the overall effect on total stockholders equity? The stock dividends have a _______ on total stockholders equity