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Alexander, Limited, declared and distributed a 10 percent share dividend on its 700,000 shares of outstanding $5 par value ordinary share when the share was
Alexander, Limited, declared and distributed a 10 percent share dividend on its 700,000 shares of outstanding $5 par value ordinary share when the share was selling for $12 per share. The outstanding shares had originally been sold at $8 per share. The balance in retained earnings before the declaration of the share dividend, but after the addition of the current year's net income, was $995,000. |
Prepare the shareholders' section of Alexander's statement of financial position to reflect these facts. (Omit the "$" sign in your response.) |
ALEXANDER, LIMITED Shareholders' Equity Section of Statement of Financial Position (Date) | |
(Click to select)Deferred revenueOffice equipmentAccounts payableOrdinary sharePreferred stock | $ |
(Click to select)Supplies expenseDepreciaton expensesSales revenueOffice equipmentAdditional paid-in capital on ordinary share | |
$ | |
(Click to select)Accounts payableDepreciaton expensesSupplies expenseSales revenueRetained earnings | |
Total shareholders' equity | $ |
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