Question: Hello please answer the question with complete solution, thank u very much. 4. Winger Company declared a 5% stock dividend on 100,000 issued and outstanding

Hello please answer the question with complete solution, thank u very much.

4. Winger Company declared a 5% stock dividend on 100,000 issued and outstanding shares of P20 par value, which had a fair value of P50 per share before the stock dividend was declared. This stock dividend was distributed 60 days after the declaration date. What is the increase in current liabilities as a result of the stock dividend declaration? What is the journal entry to record on declaration date?

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