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cure https://newconnect.mheducation.com/flow/connect.htm w-Hill Connect pple iCloud Yahoo D sing D Wikipedia D Facebook DTwitter D Linkedin D The Weather Channel D Yelp D Trip pter 11 Pre Class Assignment Help Save & ExitSubr The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2,Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). stock-$5 par value, 555,000 shares authorized, 290,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 1,450, 000 670,000 92,000 3,043,000 Total stockholders' equity Print Prepare the stockholders' equity section immediately after the stock dividend JUN COMPANY Stockholders Equity 1 2 (after stock dividend) Paid-in capital in excess of par value, common stock Total KPrex 7 of 18! Next > 2

Explanation / Answer

Stockholders Equity:

Common stock-$5 par value, 550,000 shares authorized, 348,000(290000×1.20) shares issued and outstanding $1,740,000 Paid in capital in excess of par value, common stock{670,000+(58000×5)} $960,000 Retained earnings {923,000-(58000×$10)} $343,000 Total Stockholders Equity $3,043,000

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