Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pina Inc.'s market price of its 17,000 shares of $3 par value common stock is now $30 per share. The company declares a 15% stock
Pina Inc.'s market price of its 17,000 shares of $3 par value common stock is now $30 per share. The company declares a 15% stock dividend. Enter the after-effects on the stockholders' equity items listed. (Enter two decimals for the par value per share amount (e.g., 52.75).) Paid-in capital Retained earnings Total stockholders' equity Shares outstanding Par value per share Original Balances $60,700 $ 128,000 $188,700 $ 17,000 $3.00 $ After Stock Dividend 68,350 128,000 188,700 3 Pina Inc's market price of its 17,000 shares of $3 par value common stock is now $30 per share. The company declares a 15% stock dividend. Enter the after-effects on the stockholders' equity items listed. (Enter two decimals for the par value per share amount (eg., 52.75).)
Pina Inc.'s market price of its 17,000 shares of $3 par value common stock is now $30 per share. The company declares a 15% stock dividend. Enter the after-effects on the stockholders' equity items listed. (Enter two decimals for the par value per share amount (e.g., 52.75).) Paid-in capital Retained earnings Total stockholders' equity Shares outstanding Par value per share Original Balances $60,700 $ 128,000 $188,700 $ 17,000 $3.00 $ After Stock Dividend 68,350 128,000 188,700 3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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