(Answered) Anonymous corporation has outstanding 120000 shares of 10

Accounting

Anonymous Corporation has outstanding 120,000 shares of $10 per value common stock. At year end the company declares and issues a 8% common stock dividend when the market price of the stock is $46 per share. Using the financial statement effects template that is in the attached files indicate the effects of this stock dividend declaration and payment. While showing and explaining how and why.

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