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Sun Energy Company has the following capital section in its balance sheet. Its stock is currently selling for $5 per share. Common stock (100,000 shares
Sun Energy Company has the following capital section in its balance sheet. Its stock is currently selling for $5 per share.
Common stock (100,000 shares at $1 par) $100,000
Capital in excess of par 100,000
Retained earnings 200,000
$400,000
The firm intends to declare a 10 percent stock dividend. Show the capital section of the balance sheet after this transaction.
Common Stock ( .) shares at $ .par) $. . (fill in all 5 lines.)
Capital in Excess of Par .
Retained Earnings .
Total
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