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On September 30, 2017, Walman Corporation's common stock is priced at $45 per share before any dividend or split, and the stockholders' equity section appears
On September 30, 2017, Walman Corporation's common stock is priced at $45 per share before any dividend or split, and the stockholders' equity section appears as follows: Common stock - $10 par value, 250,000 shares authorized, 120,000 issued and outstanding $ 1.200.000 Paid-in capital in excess of par value, common stock 480.000 Retained earnings 1.584.000 Total stockholders' equity 5 3,264,000 Assume that the company declares and immediately issues a 50% stock dividend, a Record the journal entry for stock dividend. Show your calculations to receive credit!! b What is the ending value in the following accounts: Paid-in capital in excess of par, and retained earnings
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