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23. Acme Corporation consists of 250 grocery stores throughout the Midwest. At the beginning of 2018, its statement of net worth showed the following information:
23. Acme Corporation consists of 250 grocery stores throughout the Midwest. At the beginning of 2018, its statement of net worth showed the following information: Common Stock (400,000, $2 par) $800,000 Additional capital in excess of par $2,400,000 Retained Earnings $500,000 Total Net Worth $3,700,000 Required: What changes would occur in the stockholder's equity by the end of 2018 if a 5% stock dividend is given. Assume market value of a share is $6. (8 marks)
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