On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value $535,500 Paid-in capital in excess of par-common stock 30,000 Retained earnings 167,000 Total stockholders' equity $732,500 On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) X Your answer is incorrect. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend 9.58 Par value after the stock dividend 2$ 8.71

On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value $535,500 Paid-in capital in excess of par-common stock 30,000 Retained earnings 167,000 Total stockholders' equity $732,500 On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) X Your answer is incorrect. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend 9.58 Par value after the stock dividend 2$ 8.71

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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