Question: This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 12-44 of Chapter 12. On October 15, Lawlor Lawn Service declares and distributes a

This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 12-44 of Chapter 12. On October 15, Lawlor Lawn Service declares and distributes a 10% stock dividend to all common shareholders of record on October 15 when the market price per common share is $5. Lawlor has 100 shares of common stock outstanding on the date of record.
Requirements
1. Is this a small or large stock dividend?
2. Journalize the entries related to the dividend.

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