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The stockholders' equity section of Vaughn Corporation consists of common stock ($10 par) $1,950,000 and retained earnings $518,000. A 10% stock dividend (19.500 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity Outstanding shares Par value per share Before Dividend 3120000 195000 After Dividend 2925000 195000

The stockholders' equity section of Vaughn Corporation consists of common stock ($10 par) $1,950,000 and retained earnings $518,000. A 10% stock dividend (19.500 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity Outstanding shares Par value per share Before Dividend 3120000 195000 After Dividend 2925000 195000

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 Vaughn Corporation consists of common stock ($10 par) $1,950,000 and retained earnings $518,000. A 10% stock dividend (19.500 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity Outstanding shares Par value per share Before Dividend 3120000 195000 After Dividend 2925000 195000
Transcribed Image Text:The stockholders' equity section of Vaughn Corporation consists of common stock ($10 par) $1,950,000 and retained earnings $518,000. A 10% stock dividend (19.500 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity Outstanding shares Par value per share Before Dividend 3120000 195000 After Dividend 2925000 195000
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