12. Wysoski Enterprises is considering a stock dividend. The firms capital includes 3 million shares of $1
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12. Wysoski Enterprises is considering a stock dividend. The firm’s capital includes 3 million shares of $1 par value stock issued at an average price of $8. Retained earnings total $20 million. State the equity accounts now and after each of the following possible stock dividends.
a. Wysoski declared a 5% stock dividend, and the current price of the stock is $15.
b. Wysoski declared a 10% stock dividend, and the current price of the stock is $20.
c. Wysoski declared a 15% stock dividend, and the current price of the stock is $23.
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