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Please provide formulas if able. The owners equity accounts for Vulcano International are shown below. a. If the companys stock currently sells for $42 per
Please provide formulas if able.
The owners equity accounts for Vulcano International are shown below. a. If the companys stock currently sells for $42 per share and a 10 percent stock dividend is declared, how many 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? | ||||
Input Area: | ||||
Common stock | $20,000 | |||
Par value | $0.50 | |||
Capital surplus | $210,000 | |||
Retained earnings | $587,300 | |||
Total owners' equity | $817,300 | |||
Stock price | $42 | |||
Stock dividend | 10% | |||
Stock dividend | 25% | |||
(Use cells A6 to B13 from the given information to complete this question.) | ||||
Output Area: | ||||
New shares outstanding | ||||
New shares issued | ||||
Capital surplus on new shares | ||||
Common stock | ||||
Capital surplus | ||||
Retained earnings | ||||
Total owners' equity | $817,300 | |||
New shares outstanding | ||||
New shares issued | ||||
Capital surplus on new shares | ||||
Common stock | ||||
Capital surplus | ||||
Retained earnings | ||||
total owners' equity |
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