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Please help! On December 31, the stockholders' equity section of the balance sheet of Fender Corporation reflected the following: Common stock (par $10; 60,800 shares
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On December 31, the stockholders' equity section of the balance sheet of Fender Corporation reflected the following: Common stock (par $10; 60,800 shares authorized; 25,800 issued and outstanding) Additional paid-in capital $ 258,000 12,800 79,000 Retained earnings On February 1 of the following year, a 12 percent stock dividend was issued. The market value of the stock on February 1 was $18 per share. Required: 1. For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. 2. If the stock dividend were 100%, would the additional paid-in capital account be affected? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For comparative purposes, prepare the stockholders' equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend. Stockholders' Equity Stock Before Stock Dividend After Stock Dividend Dividend Contributed Capital: Total Contributed Capital Required 1 Required 2 > Total Stockholders' EquityStep by Step Solution
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