Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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  1. the owners’ equity accounts for Quadrangle International are shown here:

 

Common stock ($1 par value) 30,000 

Capital surplus 285,000
Retained earnings 649180

Total owners’ equity 964180

 

 

a. If Quadrangle stock currently sells for $30 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change.

b. If Quadrangle declared a 25 percent stock dividend, how would the accounts change?

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