(b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares Question 2 A corporation's own stock that has been reacquired by the corporation and held for future use is called treasury stock and is deducted from tota and is deducted from total on the balance sheet. The stockholders equity section of Culver Corporation's balance sheet consists of common stock ($ 8 par) 1,040,000 and retained earnings $ 500,000. A 10% stock dividend ( 13,000 shares) is declared when the market price per share is $18 (a) Show the before-and-after effects of the dividend on the components of stockholders' equity Before Dividend After Dividend (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend