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On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $6 par value Paid-in capital in excess of par-common stock Retained earnings Total
On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $6 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $453,000 29,000 157,000 $639,000 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. Common stock Paid-in capital in excess of par value Retained earnings Click if you would like to Show Work for this question: Open Show Work
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