Tidwell Corporation issued a 4 percent stock dividend on 20,000 shares of its $10 par common stock At the time of the dividend, the market value of the stock was $30 per share Required a Compute the amount of the stock dividend b Show the effects of the stock dividend on the financial statements us...

a 20000 shares x 04 800 shares 800 shares x 30 24000 b Balance Sheet Income Statement ...

Tidwell Corporation issued a 4 percent stock dividend on 20,000 shares of its $10 par common stock.

Question:

Tidwell issued a 4 percent stock on 20,000 shares of its $10 par common stock. At the time of the the market value of the stock was $30 per share.

Required
a. Compute the amount of the stock Show the effects of the stock on the using a horizontal statements model like the following one.

c. Prepare the journal entry to record the stockdividend.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...