Exercise $13-8$

Large stock dividend P$2$

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. After the distribution is made, $(1)$ prepare the updated stockholders' equity section and $(2)$ compute the number of shares outstanding.

Exercise $13-9$

Stock split P$2$

Exercise $13-10$

Small stock dividend

P$2$

Refer to the information in Exercise $13-8.$ Assume that instead of distributing a stock dividend, Sharper did a $3-$for$-1$ stock split. After the split, $(1)$ prepare the updated stockholders' equity section and $(2)$ compute the number of shares outstanding. Hint: A $3-$for$-1$ split means that each old share is replaced with $3$ new shares.

The stockholders' equity section of TVX Company on February $4$ follows.

Common stock $-$$$10$ par value, $150,000$ snares althorized, $60,000$ shares issued and outstanding $...$ $ $600,000$

Total stockholders equin

On February $5,$ the directors declare a $20\%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock's market value is $$40$ per share on February $5$ 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.$)$