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The following information applies to the questions displayed below) Bacon Inc. has the following stockholdersequlty section In Its May 31, 2019, comparative balance sheets: May
The following information applies to the questions displayed below) Bacon Inc. has the following stockholdersequlty section In Its May 31, 2019, comparative balance sheets: May 31 2018 Apr 30, 2019 Paide in capitala Treferred stock, 0120 par value, 51, cumulative, 100,000 shares authorised, 74,000 share issued and outstanding 3,880,000 $ 8.000.000 Comeon stock, 16 par value, 600,000 shares authorised, 420,000 and 400,000 shares tead, respectively 2,400,000 Additional paid.in capital 14,670,000 14,140,000 Retained earnings 12,070,000 11.794.000 test Trendy common atok. At coat: 31,000 shares and 19,500 shares respectively 1.932.000) 11.072.000 Total stockholdere equity + 035.242,000 f-1. Assume that on June 1 the market value of the common stock was $42 per share and that the board of directors deciared a 4% stock dividend on the issued shares of common stock. Use the horizontal model to show the issuance of the stock dividend. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect) Balance Sheet Liabilities Assets Stockholders' Equity Net Income - Proy 13 14 15 16 of 16 !!! Next >
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