10) What accounts are affected by a stock dividend and how? 11) What are the effects and purpose of a stock split? 12) ABC Company declares a 2-for-1 stock split of its common shares. The...

10) What accounts are affected by a stock dividend and how?

11) What are the effects and purpose of a stock split?

12) ABC Company declares a 2-for-1 stock split of its common shares. The company has 100,000 common shares authorized and 40,000 common shares issued and outstanding. How many shares are authorized and outstanding after the split?

13) What is the difference between a stock split and stock dividend?

14) Identify the three reasons companies issue stock dividends.

15) What are the effects of a stock dividend?