Davidsons has a market value of $10.6 per share. The balance sheet shows $4,250,000 in the common stock at $1 par, $40,800,000 in the capital in excess of par account, and $2,875,000 in the retained earnings account. The firm just announced a stock dividend of 50 percent. What is the value of the retained earnings account after the dividend?
Davidsons has a market value of $10.6 per share. The balance sheet shows $4,250,000 in the common stock at $1 par, $40,800,000 in the capital in excess of par account, and $2,875,000 in the retained earnings account. The firm just announced a stock dividend of 50 percent. What is the value of the retained earnings account after the dividend?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Davidsons has a market value of $10.6 per share. The balance sheet shows $4,250,000 in the common stock at $1 par, $40,800,000 in the capital in excess of par account, and $2,875,000 in the
What is the value of the retained earnings account after the dividend?
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