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Jackson Enterprises has the following capital (equity) accounts: Common stock ($2 par; 150,000 shares outstanding) $300,000 Additional paid-in capital 400,000 Retained earnings 250,000 The board
Jackson Enterprises has the following capital (equity) accounts: Common stock ($2 par; 150,000 shares outstanding) $300,000 Additional paid-in capital 400,000 Retained earnings 250,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.25 cash dividend on March 1. What changes occur in the capital accouts after each transaction if the price of the stock is $6? 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 ( shares outstanding) $ par: Additional paid-in capital Retained earnings The impact of the $0.25 a share cash dividend shares outstanding) Common stock ($ par Additional paid-in capital Retained earnings
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