Beacon Corp.

:eacon Corporation issued a 7 percent stock dividend on 39,000 shares of its $7 par common stock. At the time of the dividend, ne market value of the stock was $21 per share. l. Compute the amount of the stock dividend. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend Show the effec of the stock dividend on the financial statements using a horizontal model. Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input. Balance Sheet Show less A BEACON CORPORATION Horizontal Statements Model Income Statement Assets Cash = Liabilities Stockholders' Equity Paid In Expense Statement of Cash Flow Revenue Retained = Net Income Common + Capital in + Stock Earnings