Financial Accounting
Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Prepare the
stockholders" equity section immediately after the stock dividend is distributed. \table[[JUN COMPANY,], [Stockholders' Equity,], [,April 2 (after stock dividend)], [,], [, ], [Total paid - in capital,], [Total stockholders' equity,]]
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Transcribed Image Text:The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Prepare the stockholders" equity section immediately after the stock dividend is distributed. \table[[JUN COMPANY,], [Stockholders' Equity,], [,April 2 (after stock dividend)], [,], [, ], [Total paid - in capital,], [Total stockholders' equity,]]
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10%
stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend).
Common stock-$5 par value, 425,000 shares
authorized, 225,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
$ 1,125,000
540,000
858,000
$ 2,523,000
Prepare the stockholders' equity section immediately after the stock dividend is distributed.
Total paid-in capital
JUN COMPANY
Stockholders' Equity
April 2 (after stock dividend)
Total stockholders' equity
+
09
0
0
expand button
Transcribed Image Text:The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 425,000 shares authorized, 225,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,125,000 540,000 858,000 $ 2,523,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. Total paid-in capital JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Total stockholders' equity + 09 0 0
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