Question

Transtech, Inc. has 200,000 common shares outstanding. Transtech, Inc. declares and distributes a 5% stock dividend when the market value of its shares is $10 per share.
1. Journalize Transtech’s declaration and distribution of the stock dividend on September 30. An explanation is not required.
2. What is the overall effect of the stock dividend on Transtech’s total assets? On total shareholders’ equity?


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  • CreatedJuly 08, 2015
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