CH $13$ #$5$

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On June $30,$ Sharper Corporation's stockholders' equity section of its balance sheet appears as

follows before any stock dividend or split. Sharper declares and immediately distributes a $50\%$ stock

dividend.

$(1)$ Prepare the updated stockholders' equity section after the distribution is made.

$(2)$ Compute the number of shares outstanding after the distribution is made.

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Prepare the updated stockholders' equity section after the distribution is made.

SHARPER CORPORATION

Stockholders' Equity Section of the Balance Sheet