stock dividend-firm

Homework: Chapter 14 Homework Score: 0.33 of 1 pt . P14-9 (similar to) 6 of 8 (8 complete) HW Score: 90. Stock dividend-Firm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $32 per share. Preferred stock Common stock (11,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $120,000 22,000 330,000 110,000 $582,000 a. Show the effects on Columbia of a 5% 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 5% stock dividend is (Round to the nearest dollar) Enter your answer in the answer box and then click Check