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

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...

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