Company Z has 2.4 million shares of common stock authorized with a par value of...
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Company Z has 2.4 million shares of common stock authorized with a par value of $1 and a market price of $8. There are 1.2 million outstanding shares and 0.3 milin shares held in treasury stock Required: a. Prepare the journal entry if the company deciores and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholder' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Prepare the joumal entry if the company dedares and distributes a 10% stock dividend. (if no entry is required for a transactionvevent, select "No Joumal Entry Required" in the first account field. Enter your answers in dollars and not in millions.) Journal entry worksheet Record the declaration and distribution of the 10% stock dividend. Enter debits before creats
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