QS 13-8 (Algo) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10 stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 485,000 shares authorized, 255,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained, earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend is distributed. $ 1,275,000 600,000 888,000 $ 2,763,000
QS 13-8 (Algo) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10 stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 485,000 shares authorized, 255,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained, earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend is distributed. $ 1,275,000 600,000 888,000 $ 2,763,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 4SEA: STOCK DIVIDENDS Kaufman Company currently has 200,000 shares of 1 par common stock outstanding. On...
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