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Company Z has 8 million shares of common stock authorized with a par value of...

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Accounting

Company Z has 8 million shares of common stock authorized with a par value of $1 and a market price of $72. There are 4 million outstanding shares and 1 million shares held in treasury stock.
Required:
Prepare the journal entry if the company declares and distributes a 10% stock dividend.
Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity.
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.

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