Exercise 14-05 a-b (Video) On October 1, Crane Corporation's stockholders' equity is as follows. Common stock, $7par
Fantastic news! We've Found the answer you've been seeking!
Question:
Exercise 14-05 a-b (Video)
On October 1, Crane Corporation's stockholders' equity is as follows.
Common stock, $7par value$525,700 Paid-in capital in excess of parcommon stock23,000 Retained earnings 153,000Total stockholders' equity$701,700
On October 1, Crane declares and distributes a10% stock dividend when the market price of the stock is $15per share.
Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.
Common stock$
Paid-in capital in excess of par value$
Retained earnings
Expert Answer:
Posted Date:
