Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 200,000 shares outstanding) $200,000 Additional paid-in capital 150,000 Retained earnings 175,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $4? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. The impact of the 15 percent stock dividend: Common stock ($ Additional paid-in capital Retained earnings The impact of the $0.20 a share cash dividend: Common stock ($ Additional paid-in capital Retained earnings par; par; shares outstanding) $ $ $ shares outstanding) $ $ $

Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 200,000 shares outstanding) $200,000 Additional paid-in capital 150,000 Retained earnings 175,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $4? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. The impact of the 15 percent stock dividend: Common stock ($ Additional paid-in capital Retained earnings The impact of the $0.20 a share cash dividend: Common stock ($ Additional paid-in capital Retained earnings par; par; shares outstanding) $ $ $ shares outstanding) $ $ $

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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