Question: Why does a stock dividend require a formal journal entry in the financial accounting records when a stock split does not? Stock splits increase the

Why does a stock dividend require a formal journal entry in the financial accounting records when a stock split does not?
Stock splits increase the relative book value of an individual's stock holdings.
Stock dividends increase the relative book value of an individual's stock holdings.
Stock dividends are payable on the date they are declared.
Stock dividends represent a transfer from retained earnings to capital stock.
Why does a stock dividend require a formal

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