Chapter 11 Homework Assignment 5 Exercise 11-15A (Algo) Accounting for stock dividends LO 11.7 142 Beacon Corporation issued a 8 percent stock dividend on 23,000 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $21 per share. points Required 6. Compute the amount of the stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model Book Complete this question by entering your answers in the tabs below. Required A Required Punt Compute the amount of the stock dividend. References Sock dividund Required > 11 Homework Assignment i Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 8 percent stock dividend on 23,000 shares of its 57 par common stock. At the time of the dividend, the market value of the stock was $21 per share Required a. Compute the amount of the stock dividend b. 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 Show the effects of the stock dividend on the financial statements using a horizontal statements model (Enter amounts to be deducted and cash outflows with a mission. In the Statement of Cash Flows column, indicate whether the item is an operating activity (CA), Investing activity (A), or financing activity (FA). Not al cells require input) Income Statement BEACON CORPORATION Horontal Statements Model Balance Sheet . Stockholders' Equity Revenue Common PIC in Retained STOCK Excess Earnings Liabiles Exeg - Net Income Statement of Cash Flow Can