What effect does a stock dividend have on the consolidated statements workpaper in the year of declaration?

Question:

What effect does a stock have on the consolidated statements workpaper in the year of declaration? In subsequent periods?

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...