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ASAP typed please!!! Below is United Delivery Services (UDS) stockholders' equity for the year ended 2022: Common Stock, $3 par value $60,000 Paid-in Capital in
ASAP typed please!!!
Below is United Delivery Services (UDS) stockholders' equity for the year ended 2022:
Common Stock, $3 par value | $60,000 |
Paid-in Capital in Excess of ParCommon | 35,000 |
Retained Earnings | 100,000 |
Treasury Stock | (10,000) |
In March, UDS declares and distributes a 12% stock dividend when the market value of the stock is $6.
Required:
1) Prepare UDS's March end stockholders' equity section.
2) How would retained earnings change if UDS doubled their number of shares through a 2 for 1 stock split?
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