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As of December 31, 2010, Hypes Dynamics, Inc., has 73,000 shares of $3 par value common stock issued and outstanding. The retained earnings balance was
As of December 31, 2010, Hypes Dynamics, Inc., has 73,000 shares of $3 par value common stock issued and outstanding. The retained earnings balance was $285,000. On January 15, 2011, Hypes Dynamics declared and issued a 16% stock dividend to its common shareholders. At the time of the dividend, the market value of the stock was $21 per share. Requirements eses or a minus sign when ition blank. Use only the necessary 1. Show how the stock dividend would affect the accounting equation. Some of the account names will be abbre entering component decreases or contra account increases. If a transaction has no effect on the accounting equ input lines.) Accounts pay. Accounts rec. Shareholders' Equity APIC - CS Assets Liabilities Contributed Capital + Retaine Cash Account Account Account Common stock RE + + Choose from any list or enter any number in the input fields and then click Check
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