Stock Dividends The company with the common equity accounts shown here has declared a stock dividend of
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Stock Dividends The company with the common equity accounts shown here has declared a stock dividend of 15 percent when the market value of its stock is $45 per share. What effects on the equity accounts will the distribution of the stock dividend have?
Common stock ($1 par value) $ 410,000 Capital surplus 2,150,000 Retained earnings 5,320,000 Total owners’ equity $7,880,000
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Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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