On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value $535,500 Paid-in capital in excess of par-common stock 30,000 Retained earnings 167,000 Total stockholders' equity $732,500 On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.
On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value $535,500 Paid-in capital in excess of par-common stock 30,000 Retained earnings 167,000 Total stockholders' equity $732,500 On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question-based on, "compute par value".
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Stock dividend means when shares of the company are issued by way of dividend to the shareholders. Here, number of shares will increase but total value pertaining to shareholders will be same
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