Requlred Informatlon [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 divldend. Common stock-$10 par value, 120,000 shares authorized, 82,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings S 820, e00 360, eee 740, eee $1,920, eee Total stockholders' equity Assume that Instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (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 Required 2 >

Requlred Informatlon [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 divldend. Common stock-$10 par value, 120,000 shares authorized, 82,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings S 820, e00 360, eee 740, eee $1,920, eee Total stockholders' equity Assume that Instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (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 Required 2 >

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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Subject: acounting
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Subject: accounting
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