Oreduce its stock price, shriver food systems, inc., declared and issued a 100 percent stock dividend. the company has 800,000 shares authorized and 200,000 shares outstanding. the par value of the stock is $1 per share and the market value is $100 per share. prepare the journal entry to record this large stock dividend. (

General Journal                                          Debit                               Credit

Retained Earning                                       200,000

               Common Stock                                                                   200,000

Explanation:

(200,000 outstanding shares x 100% stock dividend x $1 par value of the stock) = 200,000 Common Stock.

answer about 4-5 percent of the labor force is unemployed;