When a stock dividend of 2025 or less is declared it is considered a small stock dividend It is recorded at the market value of the stock on the date of declaration Assume that a company announced on September 1 2011 that it would issue a 10 stock dividend on September 30 On September 1 a single share of the companys stock was selling on the market for 32 Use this information and the partial balance sheet given here to complete the steps needed to journalize the stock dividend