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6. The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock
6. The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stocks per share a market value on April 2 is $12 (prior to the dividend). Common stock-$5 par value, 385,000 shares authorized, 205,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earings Total stockholders' equity $ 1,025,000 500.000 838.000 $ 2,363,000 Prepare the stockholders' equity section for Jun Company immediately after the stock dividend. Stockholders' Equity April 2 (after stock dividend) Common Stock Paid-in capital in excess of par value, common stock Total paid-in capital Retained earnings Total stockholders' equity 7. Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 60,000 share common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? b. If the common stock had a market price of $200 per share before the stock split, what would be an approximate market price per share after the split
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