! Required Information Use the following information for the Exercises 8-9 below. (Algo) [The following information applies to the questions displayed below.] 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, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Exercise 11-9 (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 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders' equity Required 1 S $ 620,000 260,000 690,000 $ 1,570,000 Required 2 >
! Required Information Use the following information for the Exercises 8-9 below. (Algo) [The following information applies to the questions displayed below.] 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, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Exercise 11-9 (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 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders' equity Required 1 S $ 620,000 260,000 690,000 $ 1,570,000 Required 2 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A.8
![!
Required Information
Use the following information for the Exercises 8-9 below. (Algo)
[The following information applies to the questions displayed below.]
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, 62,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
Exercise 11-9 (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
Prepare the updated stockholders' equity section after the split.
SHARPER CORPORATION
Stockholders' Equity Section of the Balance Sheet
June 30
Total stockholders' equity
Required 1
S
$ 620,000
260,000
690,000
$ 1,570,000
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb35107a1-8e00-46ca-89fb-a73546b0f67c%2F3957da48-4004-4261-bf1a-f35db970a75c%2Fv3ynzrk_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required Information
Use the following information for the Exercises 8-9 below. (Algo)
[The following information applies to the questions displayed below.]
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, 62,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
Exercise 11-9 (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
Prepare the updated stockholders' equity section after the split.
SHARPER CORPORATION
Stockholders' Equity Section of the Balance Sheet
June 30
Total stockholders' equity
Required 1
S
$ 620,000
260,000
690,000
$ 1,570,000
Required 2 >
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