On October 1st Martin Corp have the following balance in stockholders equity Com

Question

On October 1st Martin Corp have the following balance in stockholders equity

Common stock, $5 par value                             400,000

Paid in Capital in excess of par                               25,000

Retained earnings                                                 155,000

Total SE                                                               580,000

On October 1 Martin declares and distributes a 10% stock dividend when the market price of the stock is $15 per share

What are the balances in the three stockholders

Explanation / Answer

Stock dividend: This is the distribution of company

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

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