Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000 Paid in capital in excess of par- common 120,000 Retained earnings 290,000 Total stockholders' equity $610,000 What would be the balance in the Common stock account after the issuance of a 10% stock dividend?

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000 Paid in capital in excess of par- common 120,000 Retained earnings 290,000 Total stockholders' equity $610,000 What would be the balance in the Common stock account after the issuance of a 10% stock dividend?

Name: Gordon Corporation reportedthe following equity section onits current
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Description: Gordon Corporation reportedthe following equity section onits current balance sheet. Thecommon stock is currentlyselling for $11.50 per share.Common stock, $5par, 100,000 sharesauthorized, 40,000shares issued$200,000Paid in capital inexcess of par-c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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