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Need help showing the before and after effects of the dividend on the components of stockholders equity The stockholders' equity section of Grouper Corp.'s balance
Need help showing the before and after effects of the dividend on the components of stockholders equity
The stockholders' equity section of Grouper Corp.'s balance sheet consists of common stock ($7 par) $840,000 and retained earnings $460,000. A 10% stock dividend (12,000 shares) is declared when the market price per share is $16. Show the before-and-after effects of the dividend on the components of stockholders' equity. Show the before-and-after effects of the dividend on the shares outstandingStep by Step Solution
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