6 QS 11-7 Accounting for small stock dividend LO P2 1.36 points The stockholders

Question

6 QS 11-7 Accounting for small stock dividend LO P2 1.36 points The stockholders' equity section of Jun Company's balance sheet as of April 1 follows On Apri 2 Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend) Common stock-$s par value, 535,000 shares 1.400.000 650,000 authorized, 280,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 913,00 2,963,000 Total stockholders equity Prepare the stockholders' equity section immediately after the stock dividend Answer is complete but not entirely correct. Stockholders Equity Common stock Pad-in capital in escess of par value, common s 1,400000 | Total paid-in capital Relained earnings Total stockholders" equity 6500000 2.050.000 913.000

Explanation / Answer

Common stock 1540000 Paid in capital in excess of par,common stock 930000 Total paid in capital 2470000 Retained earnings 493000 Total stockholders' equity 2963000

Related Questions

Navigate

• Browse (All)
• Browse 6
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.