The following represents the stockholder's equity account of Security Data Company: R Preferred stock Common stock (R4 par) Paid-in capital in excess of par Retained earnings Total stockholder's equity Additional information provided: Current share price Earning Available to Common Shareholders (EACS) The firm is considering a 5% stock dividend. R200,000 R200,000 R350,000 R350,000 R1,100,000 Preferred stock Common stock (R4 par) Paid-in capital in excess of par Retained earnings Total stockholder's equity R40 R120,000 A. Rework the stockholder's equity account for Security Data Company should the firm decide to implement the stock dividend. Current New R200,000 R200,000 R350,000 R350,000 R1,100,000
The following represents the stockholder's equity account of Security Data Company: R Preferred stock Common stock (R4 par) Paid-in capital in excess of par Retained earnings Total stockholder's equity Additional information provided: Current share price Earning Available to Common Shareholders (EACS) The firm is considering a 5% stock dividend. R200,000 R200,000 R350,000 R350,000 R1,100,000 Preferred stock Common stock (R4 par) Paid-in capital in excess of par Retained earnings Total stockholder's equity R40 R120,000 A. Rework the stockholder's equity account for Security Data Company should the firm decide to implement the stock dividend. Current New R200,000 R200,000 R350,000 R350,000 R1,100,000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.16E
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