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 $20 (prior to the dividend). Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 $ 0 $ 1,000,000 600,000 833,000 $ 2,433,000 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 $20 (prior to the dividend). Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 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 $ 0 $ 1,000,000 600,000 833,000 $ 2,433,000 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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 $20 (prior to the dividend).
Common stock-$5 par value, 375,000 shares
authorized, 200,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
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
$
$ 1,000,000
600,000
833,000
$ 2,433,000
0
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