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HW 10 # 8 Belleview Bancshares has 36,000 shares of...

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Accounting

HW 10 # 8 image
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Belleview Bancshares has 36,000 shares of $5 par value common stock outstanding. Suppose Belleview declares and distributes a 1% stock dividend when the market value of its stock is $18 per share. 1. Journalize Belleview's declaration and distribution of the stock dividend on May 11. An explanation is not required. 2. What was the overall effect of the stock dividend on Belleview's total assets? On total liabilities? On total stockholders' equity? 1. Journalize Belleview's declaration and distribution of the stock dividend on May 11. An explanation is not required. (Record debits first. then credits. Exclude explanations from any journal entries.) 1. Joumalize Belleview's declaration and distribution of the stock dividend on May 11. An explanation is not re then oredits. Exclude explanations from any joumal entries.)

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