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Exercise 1 3 - 8 Large stock dividend P 2 On June 3 0 , Sharper Corporation's stockholders' equity section of its balance sheet appears
Exercise
Large stock dividend P
On June 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 stock dividend. After the distribution is made, prepare the updated stockholders' equity section and compute the number of shares outstanding.
Exercise
Stock split P
Exercise
Small stock dividend
P
Refer to the information in Exercise Assume that instead of distributing a stock dividend, Sharper did a for stock split. After the split, prepare the updated stockholders' equity section and compute the number of shares outstanding. Hint: A for split means that each old share is replaced with new shares.
The stockholders' equity section of TVX Company on February follows.
Common stock $ par value, snares althorized, shares issued and outstanding $
Total stockholders equin
On February the directors declare a stock dividend distributable on February to the February stockholders of record. The stock's market value is $ per share on February before the stock dividend.
Prepare entries to record both the dividend declaration and its distribution.
Prepare the stockholders' equity section after the stock dividend is distributed. Assume no other changes to equity.
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