ABC Corporation has P10 par, 5,000,000 shares outstanding as of October 31, 2022. On November 15, 2022, the company declared a 10% stock dividend distributable to shareholders of record as of October 31, 2022, payable on January 15, 2023. The fair market value of ABC Corporation as of October 31, 2022-P12.00 ⚫November 15, 2022-P13.00 ⚫December 31, 2022-P11.75 ⚫ January 15, 2023-P11.00 Entry to record the declaration of dividend should include an entry to retained earnings amounting

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.