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plz help The company with the common equity accounts shown here has declared a 1

ID: 2654245 • Letter: P

Question

plz help

The company with the common equity accounts shown here has declared a 10 percent stock dividend when the market value of its stock is $36 per share. Common stock ($1 par value) $ 430,000 Capital surplus 855,000 Retained earnings 3,810,800 Total owners? equity $ 5,095,800 What would be the number of shares outstanding, after the distribution of the stock dividend? New shares outstanding What would the equity accounts be after the stock dividend? Common stock $ Capital surplus Retained earnings Total owners? equity $

Explanation / Answer

Ans 1

Ans 2

Details Details No of Shares No of shares outstanding 430000/1       4,30,000.00 Dividend declared 10% No of Additional shares issued as dividend          43,000.00 Total Number of shares outstanding       4,73,000.00