Wysoki Enterrprises is considering a stock dividend. The firm's capital includes 3 million shares of $1 par value stock issued at an average price of $8. Retained earnings total $20 million. State the equity accounts now and after each of the following possible stock dividends. a. Wysoki declared a 5% stock dividend, and the current price of stock is $15 b. Wysoki declared a 10% stock dividend, and the current price of is $20 c. Wysoki declared a 15% stock dividend, and the currrent price of the stock is $23
Wysoki Enterrprises is considering a stock dividend. The firm's capital includes 3 million shares of $1 par value stock issued at an average price of $8. Retained earnings total $20 million. State the equity accounts now and after each of the following possible stock dividends. a. Wysoki declared a 5% stock dividend, and the current price of stock is $15 b. Wysoki declared a 10% stock dividend, and the current price of is $20 c. Wysoki declared a 15% stock dividend, and the currrent price of the stock is $23
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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![Wysoki Enterrprises is considering a stock
dividend. The firm's capital includes 3
million shares of $1 par value stock issued at
an average price of $8. Retained earnings
total $20 million. State the equity accounts
now and after each of the following
possible stock dividends.
a. Wysoki declared a 5% stock dividend,
and the current price of stock is $15
b. Wysoki declared a 10% stock dividend,
and the current price of is $20
c. Wysoki declared a 15% stock dividend,
and the currrent price of the stock is $23](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea054084-f3f6-4288-b1a5-acbdb5082217%2Fea618a4e-f436-4cd8-9ff3-72bca2fba858%2F1la6a4v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wysoki Enterrprises is considering a stock
dividend. The firm's capital includes 3
million shares of $1 par value stock issued at
an average price of $8. Retained earnings
total $20 million. State the equity accounts
now and after each of the following
possible stock dividends.
a. Wysoki declared a 5% stock dividend,
and the current price of stock is $15
b. Wysoki declared a 10% stock dividend,
and the current price of is $20
c. Wysoki declared a 15% stock dividend,
and the currrent price of the stock is $23
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