Oct. 31. Declared semiannual dividends of $1.30 per share on the preferred stock and $0.07 per...

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Oct. 31. Declared semiannual dividends of $1.30 per share on the preferred stock and $0.07 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50. Oct. 31 Oct. 31 Feedback Check My Work On the date of declaration of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity? Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Dec. 31 Oct. 31. Declared semiannual dividends of $1.30 per share on the preferred stock and $0.07 per share on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding. The fair market value of the common stock is estimated at $50. Oct. 31 Oct. 31 Feedback Check My Work On the date of declaration of a cash dividend, it becomes legally binding. How do stock dividends affect stockholders' equity? Dec. 31. Paid the cash dividends and issued the certificates for the common stock dividend. Dec. 31 Dec. 31