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PLEASE ANSWER ASAP AND IN DETAILS The owners' equity accounts for Vulcano International are shown below. a. If the compary's stock currently sells for $42
PLEASE ANSWER ASAP AND IN DETAILS
The owners' equity accounts for Vulcano International are shown below. a. If the compary's stock currently sells for $42 per share and a 10 percent stock dividend is declared, how mary new shares will be distributed? Show how the equity accounts would change. b. If the company declared a 25 percent stock dividend, how would the accounts change? \begin{tabular}{|c|c|} \hline Input Area: & \\ \hline Cormmon stock & $20,000 \\ \hline Par value & $0.50 \\ \hline Capital surplus & $210,000 \\ \hline Retained earnings & $587,300 \\ \hline Total owners' equity & $817,300 \\ \hline Stock price & $42 \\ \hline Stock dividend & 10% \\ \hline Stock dividend & 25x \\ \hline \end{tabular} (Use cells A6 to B13 from the given information to complete this question.) Output Ared: New shares outstanding New shares issued Capital surplus on new shares Common stock Capital surplus Retained earnings Tatal owners' equity New shares outstanding New shares issued Capital surplus on new shares Common stock Capital surplus Retained earnings latal awners' evuitv
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