Question: Exercise 1 1 - 1 5 A ( Algo ) Accounting for stock dividends LO 1 1 - 7 Beacon Corporation issued a 7 percent

Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7
Beacon Corporation issued a 7 percent stock dividend on 20,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $23 per share.
Required:
Compute the amount of the stock dividend.
Show the effects of the stock dividend on the financial statements using a horizontal statements model.

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