Think about the information below: Capital surplus Retained earnings Common stock ($1 par valve) TOTAL OWNERS' EQUITY Dollars ($) 400,000 900,000 5,000,000 6,300,000 Shares are currently trading around $51 each. What impact would a 10% stock dividend have on the equity accounts? Provide the updated numbers for each line item following the dividend.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Think about the information below:
Capital surplus Retained earnings Common stock ($1 par valve) TOTAL OWNERS'
EQUITY
Dollars ($)
400,000
900,000 5,000,000 6,300,000
Shares are currently trading around $51 each.
What impact would a 10% stock dividend have on the equity accounts? Provide the
updated numbers for each line item following the dividend.
Transcribed Image Text:Think about the information below: Capital surplus Retained earnings Common stock ($1 par valve) TOTAL OWNERS' EQUITY Dollars ($) 400,000 900,000 5,000,000 6,300,000 Shares are currently trading around $51 each. What impact would a 10% stock dividend have on the equity accounts? Provide the updated numbers for each line item following the dividend.
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