On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stoc dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity xercise 13-9 (Algo) Stock split LO P2 ssume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Prepare the updated stockholders' equity section after the split. 2) Compute the number of shares outstanding after the split. Complete this question by entering your answers in the tabs below. Required 1 Required 2 $ 580,000 240,000 680,000 $1,500,000 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30
On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stoc dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 58,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity xercise 13-9 (Algo) Stock split LO P2 ssume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Prepare the updated stockholders' equity section after the split. 2) Compute the number of shares outstanding after the split. Complete this question by entering your answers in the tabs below. Required 1 Required 2 $ 580,000 240,000 680,000 $1,500,000 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Aa.44.
Transcribed Image Text: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, 58,000 shares issued and
outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
Exercise 13-9 (Algo) Stock split LO P2
Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split.
(1) Prepare the updated stockholders' equity section after the split.
(2) Compute the number of shares outstanding after the split.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
$ 580,000
240,000
680,000
$ 1,500,000
Prepare the updated stockholders' equity section after the split.
SHARPER CORPORATION
Stockholders' Equity Section of the Balance Sheet
June 30
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