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Common stock (par $10; 61,200 shares outstanding) Additional paid-in capital Retained earnings On February 1 of the following year a 12

Common stock (par $10; 61,200 shares outstanding) Additional paid-in capital Retained earnings On February 1 of the following year a 12

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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Complete this question by entering your answers in the tabs below. Required 1 Required 2 For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. Contributed Capital: Total Contributed Capital Total Stockholders' Equity Before Stock Dividend Stockholders' Equity Stock Dividend 0 < Required 1 0 After Stock Dividend Required 2 0 >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. Contributed Capital: Total Contributed Capital Total Stockholders' Equity Before Stock Dividend Stockholders' Equity Stock Dividend 0 < Required 1 0 After Stock Dividend Required 2 0 >
On December 31, the stockholders' equity section of the balance sheet of Holt Corporation reflected the following: Common stock (par $10; 61,200 shares authorized; 26,200 issued and outstanding) Additional paid-in capital Retained earnings $ 262,000 13, 200 81,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share. Required: 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. 2. If the stock dividend were 100%, would the additional paid-in capital account be affected? Complete this question by entering your answers in the tabs below.
Transcribed Image Text:On December 31, the stockholders' equity section of the balance sheet of Holt Corporation reflected the following: Common stock (par $10; 61,200 shares authorized; 26,200 issued and outstanding) Additional paid-in capital Retained earnings $ 262,000 13, 200 81,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share. Required: 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. 2. If the stock dividend were 100%, would the additional paid-in capital account be affected? Complete this question by entering your answers in the tabs below.
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