The stockholders' equity section of Pharoah Company's balance sheet consists of common stock ($8 par) $1,072,000 and retained earnings $354,000. A 10% stock dividend (13,400 shares) is declared when the market price per share is $23. Show the before-and- after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. Stockholders' equity $ Outstanding shares Before Dividend $ After Dividend
The stockholders' equity section of Pharoah Company's balance sheet consists of common stock ($8 par) $1,072,000 and retained earnings $354,000. A 10% stock dividend (13,400 shares) is declared when the market price per share is $23. Show the before-and- after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. Stockholders' equity $ Outstanding shares Before Dividend $ After Dividend
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...
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