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Answer soon Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 100,000 shares outstanding) $100,000 Additional paid-in capital 200,000 Retained earnings 175,000
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Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 100,000 shares outstanding) $100,000 Additional paid-in capital 200,000 Retained earnings 175,000 The board of directors has declared a 25 percent stock dividend on January 1 and a $0.15 cash dividend on March 1. What changes occur in the capital accounts after each transaction If the price of the stock is $3? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar The impact of the 25 percent stock dividend: Common stock ($ shares outstanding) Additional pald.in capital Retained earnings The impact of the $0.15 a share cash dividend shares outstanding) Additional paid-in capital Retained earnings par: $ $ Common stock (s par: $ $ Step by Step Solution
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