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On August 5 , the board of directors of Nick Co, declared a 5% stock...

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Accounting

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On August 5 , the board of directors of Nick Co, declared a 5% stock dividend on its 20 million, $5 par, common shares, to be distributed on September 1 . The market price of Nick Co's common stock was $16 on August 5. Complete the below table to calculate the stock dividend. Prepare a journal entry that summarizes the deciaration and distribution of the stock dividend. Complete this question by entering your answers in the tabs below. Complete the below table to calculate the stock dividend. (Enter your answers in millions (i.e., 10,000,000 should be entered as-10):)

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