Stock Dividends The Company with the common equity accounts shown here has declared a stock dividend of 15 percent when the market value of its stock is $64 per share. What effects on the equity accounts will the distribution of the stock dividend have? Common stock ($1 par value) $ 225,000 Capital Surplus 535,000 Retained Earnings 2,968,500 Total owners' equity $3,728,500
Stock Dividends The Company with the common equity accounts shown here has declared a stock dividend of 15 percent when the market value of its stock is $64 per share. What effects on the equity accounts will the distribution of the stock dividend have? Common stock ($1 par value) $ 225,000 Capital Surplus 535,000 Retained Earnings 2,968,500 Total owners' equity $3,728,500
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 4SEB: STOCK DIVIDENDS Martinez Company currently has 200,000 shares of 1 par common stock outstanding. On...
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Stock Dividends The Company with the common equity accounts shown here has declared a stock dividend of 15 percent when the market value of its stock is $64 per share. What effects on the equity accounts will the distribution of the stock dividend have?
| Common stock ($1 par value) |
$ 225,000 |
| Capital Surplus | 535,000 |
| 2,968,500 | |
| Total owners' equity | $3,728,500 |
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