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QS 13-8 Reporting a small stock dividend P2 The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April
QS 13-8 Reporting a small stock dividend P2 The stockholders' equity section of Jun Co.'s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Prepare the stockholders' equity section immediately after the stock dividend is distributed. Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 600,000 833,000 $2,433,000
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