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Question 2 View Policies Current Attempt in Progress The stockholders' equity section of Bridgeport Corp's balance sheet consists of common stock ($8 par) $1,096,000 and
Question 2 View Policies Current Attempt in Progress The stockholders' equity section of Bridgeport Corp's balance sheet consists of common stock ($8 par) $1,096,000 and retained earnings $450,000. A 15% stock dividend (20,550 shares) is declared when the market price per share is $17. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares eTextbook and Media List of Accounts
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