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The stockholders' equity section of Ayayai Corp's balance sheet consists of common stock ($8 par) $972,000 and retained earnings $460,000. A 15% stock dividend (18,225 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. (Enter account name only and do not provide descriptive information.) Outstanding shares $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend Before Dividend After Dividend $ After Dividend

The stockholders' equity section of Ayayai Corp's balance sheet consists of common stock ($8 par) $972,000 and retained earnings $460,000. A 15% stock dividend (18,225 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. (Enter account name only and do not provide descriptive information.) Outstanding shares $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend Before Dividend After Dividend $ After Dividend

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 stockholders' equity section of Ayayai Corp's balance sheet consists of common stock ($8 par) $972,000 and retained earnings $460,000. A 15% stock dividend (18,225 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. (Enter account name only and do not provide descriptive information.) Outstanding shares $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend Before Dividend After Dividend After Dividend
Transcribed Image Text:The stockholders' equity section of Ayayai Corp's balance sheet consists of common stock ($8 par) $972,000 and retained earnings $460,000. A 15% stock dividend (18,225 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. (Enter account name only and do not provide descriptive information.) Outstanding shares $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend Before Dividend After Dividend After Dividend
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