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Required information The following information apples to the questions displayed below) Bacon Inc. has the following stockholders' equity section in its May 31 2019, comparative
Required information The following information apples to the questions displayed below) Bacon Inc. has the following stockholders' equity section in its May 31 2019, comparative balance sheets $9.100.000 $9,000,00 Paits capital Preferred stock valut, lative, 100,000 shares with 16. shares iswedan outstanding Como to, valute thares the 40 and 410, shares issued, respectively Actional pascal Betained earnings Less Treasury vec, cost, 13, wars and 17.0hares Total stockholders' wity 14.600.000 (1.650.000 $35,853,00 1-1. Assume that on June 1 the market value of the common stock was $40 per share and that the board of directors declared a N stock dividend on the sued shares of common stock. Use the horontal model to show the issuance of the stock dividend indicate the financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect.) Income Balance sheet Lates Stockholders' Equity Net Income Revenues
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