Bl Be Bl AF e I ezto.mheducation.com/hm.tpx Bookmarks Imported From IE D Vietnam

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Bl Be Bl AF e I ezto.mheducation.com/hm.tpx Bookmarks Imported From IE D Vietnamese [h EasyBib: Free Bibliogr D Online Proofreader: p , Google New Tab On June 30, 2015, Sharper Corporation's common stock is priced at $29.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock $6 par value, 95,000 shares authorized, 38,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $228,000 100,000 328,000 Total stockholders equity $656,000 ssume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained eamings equal to the stock's par value. Answer these questions about stockholders' equity as it exists after issuing the new shares a.,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Before Stock Dividend Impact of Stock After Stock Dividend Stock Dividend Dividend Common stock Paid in capital in excess of par value Total contributed capital Retained Earnings Total Stockholders' Equity 0 O S Number of common shares outstanding 88245 10204939.. J.13275347 10204939.. .Jpg13275219 10204939...J.pg

Explanation / Answer

1.a.b.c. Effect of Stock zdividend Stock dividend Before stock Dividend Impact of stcok dividend After Stock dividend Common stock                         228,000                   228,000              456,000 Paid in Capital in excess of Par -Coomon stock                         100,000                              -                100,000 Total Contributed capital                         328,000                   228,000              556,000 Retained Earnings                         328,000                (228,000)              100,000 Total stockholders' Equity                         656,000                              -                656,000 No of Common shares outstanding                             38,000                     38,000                76,000 2.a.b.c Stock split Before stock split Impact of stcok split After Stock split Common stock                         228,000                              -                228,000 Paid in Capital in excess of Par -Coomon stock                         100,000                              -                100,000 Total Contributed capital                         328,000                              -                328,000 Retained Earnings                         328,000                              -                328,000 Total stockholders' Equity                         656,000                              -                656,000 No of Common shares outstanding                             38,000                     38,000                76,000

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