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On June 3 0 , Sharper Corporation s stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper
On June Sharper Corporations stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a stock dividend.
Common stock$ par value, shares issued and outstanding $
Paidin capital in excess of par value, common stock
Retained earnings
Total stockholders equity $
Assume that instead of distributing a stock dividend, Sharper did a for stock split.
Prepare the updated stockholders' equity section after the split.
Compute the number of shares outstanding after the split.
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