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eBook Problem 10-05 Jackson Enterprises has the following capital (equity) accounts: common stock ($1 par; 200.000 shares outstanding) $200,000 Additional paid-in capital 150,000 Retained earnings
eBook Problem 10-05 Jackson Enterprises has the following capital (equity) accounts: common stock ($1 par; 200.000 shares outstanding) $200,000 Additional paid-in capital 150,000 Retained earnings 275,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $47 Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar The impact of the 15 percent stock dividend: Common stock ($ par; shares outstanding) Additional paid in capital Retained earnings $ The impact of the $0.20 a share cash dividend: par: shares outstanding)$ 5 Cornmon stock (s Additional paid in capital Retained earnings $
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