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  3. on february 1,2020, the board of directors declare

On February 1,2020, the board of directors declared a 8 percent stock dividend to be...

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Accounting

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On February 1,2020, the board of directors declared a 8 percent stock dividend to be issued on April 30, 2020. The market value of the shares on February 1,2020, was $16.00 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section of the balance sheet (o) immediately before the stock dividend and (b) immediately after the stock dividend. (Amounts to be deducted should be indicated with a minus sign.) 2. Which of the following statement(s) are true consequent upon the declaration of stock dividend? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Total assets will not change. 2 Total iabilibes will not change 7. Total shareholders equity wil change: 2 Retained earnings will be reduced by the amount of devidend Commen stock and Additional paid-in captal will not change

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