e information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements. (see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much) NOTE: Please answer l

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 4RE: Use the same facts as in RE 16-3, but instead assume that Pickens declares and issues a 50% stock...
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7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements.

(see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much)

NOTE: Please answer letter a to b

On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued
b. Prepare the shareholders' equity section immediately after the stock dividend was
d Prepare again the shareholders' equity immediately after the stock dividend was
On 31, 2015, the shareholders' equity section of RUB Corporation reflected
Common stock (par P10; authorized 60,000 shares,
distributed. Compare the accounts against no. 1 above and explain the effects of this
c. Compare with the accounts and figures given above and explain the effects of this
stock dividend on the a) assets, b) liabilities, and c) shareholders' equity.
distribution on the a) assets, b) liabilities, and c) shareholders' equity.
following
outstanding 25,000 shares)
Additional paid-in capital
Retained earnings
the follow
P250,000
12,000
75,000
on
Direction:
declared
Transcribed Image Text:On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued b. Prepare the shareholders' equity section immediately after the stock dividend was d Prepare again the shareholders' equity immediately after the stock dividend was On 31, 2015, the shareholders' equity section of RUB Corporation reflected Common stock (par P10; authorized 60,000 shares, distributed. Compare the accounts against no. 1 above and explain the effects of this c. Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity. distribution on the a) assets, b) liabilities, and c) shareholders' equity. following outstanding 25,000 shares) Additional paid-in capital Retained earnings the follow P250,000 12,000 75,000 on Direction: declared
1 Use the information in Exercise 6, but assume instead that a 20% stock dividend was
ot of the shoreholdere
Transcribed Image Text:1 Use the information in Exercise 6, but assume instead that a 20% stock dividend was ot of the shoreholdere
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