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The company with the common equity accounts shown here has declared a 13 percent stock dividend at a time when the market value of its
The company with the common equity accounts shown here has declared a 13 percent stock dividend at a time when the market value of its stock is $43 per share. |
Common stock ($1 par value) | $ | 470,000 |
Capital surplus | 1,555,000 | |
Retained earnings | 3,878,000 | |
Total owners equity | $ | 5,903,000 |
Required: |
Show the new equity account balances after the stock dividend distribution. |
Common stock | $ | |
Capital surplus | ||
Retained earnings | ||
Total owners equity | $ | |
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