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= View Policies Current Attempt in Progress On October 1, 2020, the board of directors of Tecumseh Corporation declared a 20% stock dividend. On the

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= View Policies Current Attempt in Progress On October 1, 2020, the board of directors of Tecumseh Corporation declared a 20% stock dividend. On the declaration date, there were 62.000 common shares issued and outstanding. The fair market value of the shares on October 1, 2020 was $132 per share. The stock dividend was distributed on October 31, 2020, to shareholders of record on October 15, 2020 (a) Prepare the journal entries required to read the stock dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Tities and Explanation Debit Credit

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