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Brief Exercise 14-04 The stockholders' quity section of Crane Corporation consists of common stock ($10 par) $1,500,000 and retained earnings $500,000. A 10% stock dividend

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Brief Exercise 14-04 The stockholders' quity section of Crane Corporation consists of common stock ($10 par) $1,500,000 and retained earnings $500,000. A 10% stock dividend (15,000 shares) is dedared when the market price per share is $13. Show the before and after effects of the dividend on the following (a) The components of stockholders' equity. (b) Shares outstanding. te) Par value per share Before Dividend After Dividend Stockholders' equity $ Outstanding shares Par value per share

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