The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $43 per share. What effects on the equity accounts will the distribution of the stock dividend have? Common stock ($1 par value) Capital surplus Retained earnings Total owners’ equity $ 385,000 846,000 3,720,800 $4,951,800
The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $43 per share. What effects on the equity accounts will the distribution of the stock dividend have? Common stock ($1 par value) Capital surplus Retained earnings Total owners’ equity $ 385,000 846,000 3,720,800 $4,951,800
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 12MCQ
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The company with the common equity accounts shown
here has declared a 15 percent stock dividend when the market value of its stock is
$43 per share. What effects on the equity accounts will the distribution of the stock
dividend have?
Common stock ($1 par value)
Capital surplus
Total owners’ equity
$ 385,000
846,000
3,720,800
$4,951,800
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