The stockholders' equity section of Sheridan Corporation consists of common stock ($10 par) $2,350,000 and retained earnings $526,000. A 10% stock dividend (23,500 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. The components of stockholders' equity. (a) (b) Shares outstanding. (c) Par value per share. Stockholders' equity $ Before Dividend $ Outstanding shares Par value per share $ $ After Dividend
The stockholders' equity section of Sheridan Corporation consists of common stock ($10 par) $2,350,000 and retained earnings $526,000. A 10% stock dividend (23,500 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. The components of stockholders' equity. (a) (b) Shares outstanding. (c) Par value per share. Stockholders' equity $ Before Dividend $ Outstanding shares Par value per share $ $ After Dividend
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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