Question: S 1 3 - 9 Journalizing a small stock dividend Learning Objective 4 Element Water Sports has 1 3 , 0 0 0 shares of

S13-9 Journalizing a small stock dividend
Learning Objective 4
Element Water Sports has 13,000 shares of $1 par value common stock outstanding.
Element distributes a 5% stock dividend when the market value of its stock is $15 per
share.
Requirements
Journalize Element's declaration of the stock dividend on August 15 and
distribution on August 31.
What is the overall effect of the stock dividend on Element's total assets?
What is the overall effect on total stockholders' equity?
S13-9 Journalizing a small stock dividend Learning Objective 4 Element Water

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