Question
The Sweet Times Candy Company has the following equity accounts on its balance sheet: Common stock ($2 par, 510,000 shares) Contributed capital in excess
The Sweet Times Candy Company has the following equity accounts on its balance sheet: Common stock ($2 par, 510,000 shares) Contributed capital in excess of par Retained earnings Total common stockholders' equity The current market price of the firm's shares is $50. a. If the firm declares a 15 percent stock dividend, what will be the impact on the firm's equity accounts? Round your answers to the nearest dollar. Common stock ($2 par, 586,500 shares) Contributed capital in excess of par Retained earnings Total common stockholders' equity $ 1,020,000 1,850,000 15,130,000 $18,000,000 $ $ $
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
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