Question: Document ading / previewlnWindow . html eBook Stock Dividend Augusta Corporation reported the following information: 5 0 , 0 0 0 shares of $ 4

Document ading/previewlnWindow.html eBook Stock Dividend Augusta Corporation reported the following information:

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eBook
Stock Dividend
Augusta Corporation reported the following information: 50,000 shares of $4 par value common stock authorized, 42,000 shares common stock issued, 18,000 shares treasury stock.
Required:
What is the appropriate journal entry to record a 5% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? If an amount box does not require an entry, leave it blank.
What is the appropriate journal entry to record a 27% stock dividend if the market price of the common stock is $45 per share when the dividend is declared? If an amount box does not require an entry, leave it blank.
Conceptual Connection: How do these transactions affect Augusta's total stockholders' equity?
Total stockholders' equity x by these transactions.
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50,000 shares of $4 par value common stock authorized, 42,000 shares common

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