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On December 31, the stockholders' equity section of the balance sheet of Attic Storage reflected the following: Common stock (par $10; 61,400 shares authorized;
On December 31, the stockholders' equity section of the balance sheet of Attic Storage reflected the following: Common stock (par $10; 61,400 shares authorized; 26,400 issued and outstanding) Additional paid-in capital Retained earnings $ 264,000 13,400 82,000 On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share Required: 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (o) immediately before the stock dividend and (b) immediately after the stock dividend. 2. If the stock dividend were 100%, would the additional paid-in capital account be affected? Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 For comparative purposes, prepare the stockholders' equity section of the balance sheet (o) immediately before the stock dividend and (b) immediately after the stock dividend. Contributed Capital Stockholders' Equity Before Stock Dividend After Stock Dividend Stock Dividend Total Contributed Capital 0 0 0 Total Stockholders' Equity
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