Mr. Keyur received dividend @Rs34 per share, on account of 5000 shares held of a publicly  traded company. Pass the journal entry for such receipt Reflect by preparing the relevant financial statement how the transaction will be reflected in the  books of accounts and discuss how this receipt is going to impact the Balance sheet, in any  case.

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.