Question
7.- The company Tabaco Inc. with the shareholders equity shown below declares a stock dividend of 16 percent. The market value of its common stock
7.- The company Tabaco Inc. with the shareholders equity shown below declares a stock dividend of 16 percent.
The market value of its common stock is 110 per share, while the par value is 3.
Common stock 100.000
Capital surplus 2.450.000
Retained earnings 1.000.000
Total owners' equity 3.550.000
How many shares are they going to issue?
What is the new statement of shareholders Equity?
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
