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Stock Dividends [L03] The company with the com

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Stock Dividends [L03] The company with the com

 

$624,000 8. Stock Dividends [L03] The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53 per share. What effects will the distribution of the stock dividend have on the equity accounts? Common stock ($1 par value) Capital surplus Retained earnings $ 245,000 618,000 2,758,300 $3,621,300 Total owners’ equity

 

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Stock Dividends [L03] The company with the com

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Stock Dividends [L03] The company with the com

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