Archer, Inc. declared a stock dividend of 100,000 shares. Prior to the declaration, the company has 450,000 shares, $1 par value common stock issued and outstanding. At the date of the declaration, the company's common stock was selling for $15 per share.
Prepare the required journal entries to account for the declaration as if the 100,000 shares were considered:
a. a small stock dividend
b. a large stock dividend

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The Answer of Archer, Inc. declared a stock dividend of 100,000 shares. Prior to the declaration, the company has 450,000 shares, $1 par value common stock issued and outstanding. At the date of the declaration, the company's common stock was selling for $15 per share.
Prepare the required journal entries to account for the declaration as if the 100,000 shares were considered:
a. a small stock dividend
b. a large stock dividend