E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the follow Common stock ($14 par value; 67,000 shares authorized, 40,000 shares outstanding) Additional paid-in capital Retained earnings $ 560,000 135,000 755,000 On February 1, the board of directors declared a 65 percent stock dividend to be issued April 30. The market value of the stock February 1 was $17 per share. The market value of the stock on April 30 was $18 per share. Required: 1. For comparative purposes, prepare the Stockholders' Equity section of the balance sheet immediately before the stock divide mmediately after the stock dividend.

E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the follow Common stock ($14 par value; 67,000 shares authorized, 40,000 shares outstanding) Additional paid-in capital Retained earnings $ 560,000 135,000 755,000 On February 1, the board of directors declared a 65 percent stock dividend to be issued April 30. The market value of the stock February 1 was $17 per share. The market value of the stock on April 30 was $18 per share. Required: 1. For comparative purposes, prepare the Stockholders' Equity section of the balance sheet immediately before the stock divide mmediately after the stock dividend.

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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