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Company Z has 2.95 million shares of common stock authorized with a par value of $1...

Company Z has 2.95 million shares of common stock authorized with a par value of $1 and a market price of $69. There are 1.475 million outstanding shares and 0.36875 million shares held in treasury stock.

a. Prepare the journal entry if the company declares and distributes a 10% stock dividend

b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity.

c. Prepare the journal entry if the company declares and distributes a 100% stock dividend.

d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity.
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