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Downtown Bancshares has 32000 shares of 10 par value commo.pdf

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Downtown Bancshares has 32,000 shares of $10 par value common stock outstanding. Suppose Downtown declares ard distributes an ax alock dividend when the maiket value of its stock is $24 per share. 1. Journalize Downtown's declaration and distribution of the stock dividend on May 11 . An explanation is not requited. 2. What was the overall effect of the stock dividend on Downtowris total assets? On total labitibes? On total stockhalders' equity? 1. Joumalise Downtown's deciaration and distrbution of the stock dividend on May 11 . An explonaton is not required. (Recond debats firit, then credins. Exolode explanations trem any fourhil entres.).

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Downtown Bancshares has 32,000 shares of $10 par value common stock outstanding. Suppose Downtown declares ard distributes an ax alock dividend when the maiket value of its stock is $24 per share. 1. Journalize Downtown's declaration and distribution of the stock dividend on May 11 . An explanation is not requited. 2. What was the overall effect of the stock dividend on Downtowris total assets? On total labitibes? On total stockhalders' equity? 1. Joumalise Downtown's deciaration and distrbution of the stock dividend on May 11 . An explonaton is not required. (Recond debats firit, then credins. Exolode explanations trem any fourhil entres.)

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  • 1. Downtown Bancshares has 32,000 shares of $10 par value common stock outstanding. Suppose Downtown declares ard distributes an ax alock dividend when the maiket value of its stock is $24 per share. 1. Journalize Downtown's declaration and distribution of the stock dividend on May 11 . An explanation is not requited. 2. What was the overall effect of the stock dividend on Downtowris total assets? On total labitibes? On total stockhalders' equity? 1. Joumalise Downtown's deciaration and distrbution of the stock dividend on May 11 . An explonaton is not required. (Recond debats firit, then credins. Exolode explanations trem any fourhil entres.)