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On October 1, Blossom Corporation's stockholders' equity is as follows Common stock, $5 par value $375,000 Paid-in capital in excess of par-common stock 20,000
On October 1, Blossom Corporation's stockholders' equity is as follows Common stock, $5 par value $375,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings 152.000 Total stockholders' equity $547.000 On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend $ Par value before the stock dividend Par value after the stock dividend $
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