An owner of 150 shares of Morse Company common stock receives a stock divi dend of 3
Question:
An owner of 150 shares of Morse Company common stock receives a stock divi¬ dend of 3 shares,
(a) What is the effect of the stock dividend on the stockholder’s proportionate interest (equity) in the corporation?
(b) How does the total equity of 153 shares compare with the total equity of 150 shares before the stock dividend?
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Related Book For 
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
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