Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On November 1, 2020, Bramble Corps stockholders equity section is as follows: Common stock, $10 par value $755,000 Paid-in capital in excess of par valuecommon
On November 1, 2020, Bramble Corps stockholders equity section is as follows:
Common stock, $10 par value | $755,000 |
Paid-in capital in excess of par valuecommon stock | 190,000 |
Retained earnings | 270,000 |
Total stockholders equity | $1,215,000 |
On November 1, Bramble declares and distributes a 15% stock dividend when the fair value of the stock is $16 per share. Indicate the balances in the stockholders equity accounts after the stock dividend has been distributed.
Common stock | $ |
---|---|
Paid-in capital in excess of par valueCommon Stock | $ |
Retained earnings | $ |
Total stockholders equity | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started