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$ 1,000,000 1,200,000 2,000,000 200,000 ABC Company has the following balances in its Stockholders' Equity accounts: Common stock, $5 par, 200,000 shares outstanding Paid-in
$ 1,000,000 1,200,000 2,000,000 200,000 ABC Company has the following balances in its Stockholders' Equity accounts: Common stock, $5 par, 200,000 shares outstanding Paid-in capital in excess of par, common stock Retained earnings Accumulated other comprehensive income Total stockholders equity It's common stock is currently selling for $20 per share. *Prepare the journal entry if ABC Company declares a 30% stock dividend * Indicate how many shares are outstanding after the shares are issued. $ 4,400,000
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