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Jackson Enterprises has the following capital (equity) accounts Common stock ($1 par; 200,000 shares outstanding) Additional paid-in capital Retained earnings $200,000 250,000 300,000 The board
Jackson Enterprises has the following capital (equity) accounts Common stock ($1 par; 200,000 shares outstanding) Additional paid-in capital Retained earnings $200,000 250,000 300,000 The board of directors has dedared a 25 percent stock dividend on January 1 and a $0.20 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $47 Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar The impact of the 25 percent stock dividend: Common stock ( 1 par: shares outstanding) $ Additional paid-in capital Retained earnings The impact of the $0.20 a share cash dividend: s100000 shares outstanding) f Common stock ( Additional paid-in capital Retained earnings par
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