stock dividend-firm

BUS365 FIN MGT Fall 2019 Evangeline Milios Homework: Chapter 14 Homework Score: 0.83 of 1 pt . W P14-9 (similar to) 6 of 8 (8 complete) HW Scor Stock dividend Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $35 per share. Preferred stock Common stock (12,000 shares at $1 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $100,000 12,000 408,000 110,000 $630,000 a. Show the effects on Columbia of a 15% stock dividend. b. In light of your answers to part a discuss the effects of stock dividend on stockholders' equity. a. The preferred stock of Columbia after a 15% stock dividend is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. 5 parts remaining Clear All