(Answered) Tidwell corporation issued a 4 percent stock dividend on

Accounting

Tidwell Corporation issued a 4 percent stock dividend on 26,000 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $25 per share.

Required

a. Compute the amount of the stock dividend.

b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, use OA to designate an operating activity, IA for an investment activity, FA for a financing activity and NA to indicate the element is not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.)

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