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1 You X O File: X xLA File X + Ass X > 202 x O Rev X Q App x Que X С Th x O ISB X E Can X .mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2E Tube A Maps t Login - Rowan Uni. A My Drive - Google. ID ID.me | Simple, Se. O Division of Unemp.. Class Principles of. O Alied C mework- Assignment 1 1 Saved Help On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 600,000 250,000 685,000 $ 1,535,000 Total stockholders' equity (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value %24 30,000 Paid-in capital in excess of par value, common stock 250,000 Retained earnings 685,000 Total stockholders' equity 24 965,000 < Required 1 Required 2 > < Prev of 10 4 Next >

1 You X O File: X xLA File X + Ass X > 202 x O Rev X Q App x Que X С Th x O ISB X E Can X .mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2E Tube A Maps t Login - Rowan Uni. A My Drive - Google. ID ID.me | Simple, Se. O Division of Unemp.. Class Principles of. O Alied C mework- Assignment 1 1 Saved Help On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 600,000 250,000 685,000 $ 1,535,000 Total stockholders' equity (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value %24 30,000 Paid-in capital in excess of par value, common stock 250,000 Retained earnings 685,000 Total stockholders' equity 24 965,000 < Required 1 Required 2 > < Prev of 10 4 Next >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 You x O File: X A File X Ass X Q App x 202 x Rev X O Que x [Th O ISB X - Can x .mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2E Tube A Maps + Login - Rowan Uni. A My Drive - Google.. ID ID.me | Simple, Se.. 9 Division of Unemp.. Class Principles of. Alied C mework- Assignment 1 i Saved Help On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 600,000 250,000 685,000 $ 1,535,000 Retained earnings Total stockholders' equity (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value 24 30,000 Paid-in capital in excess of par value, common stock 250,000 Retained earnings 685,000 Total stockholders' equity 24 965,000 < Required 1 Required 2 > < Prev. 4. of 10 Next > G Search or type URL 23 2$ & 3 4 5 6. 7 8
Transcribed Image Text:1 You x O File: X A File X Ass X Q App x 202 x Rev X O Que x [Th O ISB X - Can x .mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2E Tube A Maps + Login - Rowan Uni. A My Drive - Google.. ID ID.me | Simple, Se.. 9 Division of Unemp.. Class Principles of. Alied C mework- Assignment 1 i Saved Help On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 600,000 250,000 685,000 $ 1,535,000 Retained earnings Total stockholders' equity (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value 24 30,000 Paid-in capital in excess of par value, common stock 250,000 Retained earnings 685,000 Total stockholders' equity 24 965,000 < Required 1 Required 2 > < Prev. 4. of 10 Next > G Search or type URL 23 2$ & 3 4 5 6. 7 8
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