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The company with the common equity accounts shown here has declared a 7 percent stock dividend at a time when the market value of its
The company with the common equity accounts shown here has declared a 7 percent stock dividend at a time when the market value of its stock is $65 per share.
Common stock ($1 par value) | $ | 530,000 | |
Capital surplus | 1,561,000 | ||
Retained earnings | 3,890,000 | ||
Total owners equity | $ | 5,981,000 | |
|
Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Common stock | $ | ||
Capital surplus | |||
Retained earnings | |||
Total owners equity | $ | ||
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