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Prepare the journal entry

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Question - Company Z has 2.85 million shares of common stock authorized with a par value of $1 and a market price of $67. There are 1.425 million outstanding shares and 0.35625 million shares held in treasury stock.

Prepare the journal entry if the company declares and distributes a 10% stock dividend.

Prepare the journal entry if the company declares and distributes a 100% stock dividend

Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.

Reference no: EM131921164

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