Question
1- - If a firm has retained earnings of $3.7 million, a common shares account of $5.7 million, and additional paid-in capital of $11.4 million,
1- - If a firm has retained earnings of $3.7 million, a common shares account of $5.7 million, and additional paid-in capital of $11.4 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity.(Enter your answers in dollars not in millions.
retained earning:
common stock :
additional paid in capital:
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
