Question
Consider the following data: Common stock ($1 par value) Capital surplus Retained earnings TOTAL OWNERS EQUITY Amount ($) 400,000 900,000 5,000,000 6,300,000 Current market price
Consider the following data:
Common stock ($1 par value) Capital surplus Retained earnings TOTAL OWNERS EQUITY
Amount ($)
400,000
900,000 5,000,000 6,300,000
Current market price of shares = $51 per share.
What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
