The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Prepare the stockholders" equity section immediately after the stock dividend is distributed. \table[[JUN COMPANY,], [Stockholders' Equity,], [,April 2 (after stock dividend)], [,], [, ], [Total paid - in capital,], [Total stockholders' equity,]] The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 425,000 shares authorized, 225,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,125,000 540,000 858,000 $ 2,523,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. Total paid-in capital JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Total stockholders' equity + 09 0 0
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Prepare the stockholders" equity section immediately after the stock dividend is distributed. \table[[JUN COMPANY,], [Stockholders' Equity,], [,April 2 (after stock dividend)], [,], [, ], [Total paid - in capital,], [Total stockholders' equity,]] The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 425,000 shares authorized, 225,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,125,000 540,000 858,000 $ 2,523,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. Total paid-in capital JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Total stockholders' equity + 09 0 0
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 18E: Stockholders' Equity section of balance sheet The following accounts and their balances appear in...
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