Stephens,Inc

question 149

Essay

Stephens,Inc.had 140,000 shares of $5 par value common stock issued and outstanding as of December 15,2016.The company is authorized to issue 1,000,000 common shares.On December 15,2016,Stephens declared a 40% stock dividend when the market value for its common stock was $9 per share.The stock was issued on Dec.30.
Prepare the journal entries to record the declaration and distribution of the stock dividend.Explanations are not required.Compute the total shares after the dividend.

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Definitions:

Cellular Modification Theory

The view that learning permanently alters the functioning of specific neural systems.

Neural Circuits

Networks of neurons that work together to execute a specific function or process.

Neural Changes

Refers to the alterations in the structure, function, or chemistry of nerve cells (neurons) in the brain and nervous system, often as a result of learning, experience, or injury.

Dishabituation

refers to the reinstatement or increase in responsiveness to a stimulus after a change in the situation has temporarily disrupted habituation.