Question

Oceanview Realty, Inc., has 110,000 shares of $2.00 par common stock outstanding. Oceanview Realty, Inc., declares and distributes a 10% stock dividend when the mar- ket value of its stock is $8 per share.
1. Journalize Oceanview Realty’s declaration and distribution of the stock dividend on May 31. An explanation is not required.
2. What is the overall effect of the stock dividend on Oceanview Realty’s total assets? On total stockholders’ equity?



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  • CreatedApril 29, 2014
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