Stock Dividends The Stockholders' Equity section of Worthy Company's balance sheet as of January 1, 2017, appeared as follows: Common stock, $10 par, 40,000 shares issued and outstanding $400,000 Additional paid-in capital 100,000 Retained earnings 400,000 Total stockholders equity $900,000 The following transactions occurred during 2017: Declared a 10% stock dividend to common stockholders on January 15. At the time of the dividend, the common stock was selling for $30 per share. The stock dividend wa

The following transactions occurred during 2017:

Declared a 10% stock dividend to common stockholders on January 15. At the time of the dividend, the common stock was selling for $30 per share. The stock dividend was to be issued to stockholders on January 30, 2017.

Distributed the stock dividend to the stockholders on January 30, 2017.

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