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Business, 01.12.2021 03:20 samantha636

Beacon Corporation issued a 7 percent stock dividend on 22,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $28 per share. Required Compute the amount of the stock dividend. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Prepare the journal entry to record the stock dividend.

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Beacon Corporation issued a 7 percent stock dividend on 22,500 shares of its $9 par common stock. At...

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