FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Below is United Delivery Service’s (UDS)
|
Common Stock, $3 par value |
$60,000 |
|
Paid-in Capital in Excess of Par—Common |
35,000 |
|
|
100,000 |
|
|
(10,000) |
In March, UDS declares and distributes a 12% stock dividend when the market value of the stock is $6.
1) Prepare UDS's March end stockholders' equity section.
2) How would retained earnings change if UDS doubled their number of shares through a 2 for 1 stock split?
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