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What is meant by stock split effected in form of a dividend

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Reference no: EM133184585

Question - Case - Stock Splits and Stock Dividends - A corporation may use stock splits and stock dividends to change the number of shares of its stock outstanding.

Required -

a) What is meant by a stock split effected in the form of a dividend?

b) From an accounting viewpoint, explain how the stock split effected in the form of a dividend differs from an ordinary stock dividend.

c) How should a stock dividend that has been declared but not yet issued be classified in a statement of financial position? Why?

Reference no: EM133184585

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