Consider the following data: Common stock ($1 par value): $400,000 Capital surplus: $900,000 Retained earnings: $5,000,000 TOTAL OWNERS’ EQUITY: $6,300,000 The current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
Consider the following data: Common stock ($1 par value): $400,000 Capital surplus: $900,000 Retained earnings: $5,000,000 TOTAL OWNERS’ EQUITY: $6,300,000 The current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE: A company reports the following: Determine (a) the return on stockholders equity and (b) the return...
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Consider the following data:
Common stock ($1 par value): $400,000
Capital surplus: $900,000
Retained earnings: $5,000,000
TOTAL OWNERS’ EQUITY: $6,300,000
The current market price of shares = $51 per share.
What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
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