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The company with the common equity accounts shown here has declared a 11 percent stock dividend at a time when the market value of its stock is $51 per share. Common stock ($1 par value) $450,000 1,553,000 Capital surplus 3,874,000 Retained earnings 5,877,000 Total owners' equity Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Common stock Capital surplus Retained earnings Total owners' equity %24

The company with the common equity accounts shown here has declared a 11 percent stock dividend at a time when the market value of its stock is $51 per share. Common stock ($1 par value) $450,000 1,553,000 Capital surplus 3,874,000 Retained earnings 5,877,000 Total owners' equity Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Common stock Capital surplus Retained earnings Total owners' equity %24

FINANCIAL ACCOUNTING
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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The company with the common equity accounts shown here has declared a 11 percent stock dividend at a time when the market value of its stock is $51 per share. Common stock ($1 par value) $ 450,000 1,553,000 Capital surplus 3,874.000 Retained earnings 5,877,000 Total owners' equity Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Common stock Capital surplus Retained earnings Total owners' equity < Prev pe here to search
Transcribed Image Text:The company with the common equity accounts shown here has declared a 11 percent stock dividend at a time when the market value of its stock is $51 per share. Common stock ($1 par value) $ 450,000 1,553,000 Capital surplus 3,874.000 Retained earnings 5,877,000 Total owners' equity Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Common stock Capital surplus Retained earnings Total owners' equity < Prev pe here to search
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