Sheldon, Inc. declared a stock dividend of 50,000 shares on a date when the company's common stock was selling for $19 per share. Prior to this date, Sheldon had 500,000 outstanding shares of $11 par value common stock. As a result of this stock dividend, Sheldon's common stock will ________, the additional paid−in−capital will ________, and the retained earnings will ________.

Sheldon, Inc. declared a stock dividend of 50,000 shares on a date when the company's common stock was selling for $19 per share. Prior to this date, Sheldon had 500,000 outstanding shares of $11 par value common stock. As a result of this stock dividend, Sheldon's common stock will , the additional paid−in−capital will , and the retained earnings will .

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3RE

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