Question
The following information is available for Ellis Corporation: Common Stock ($5 par) $1,000,000 Retained Earnings 400,000 A 10% stock dividend is declared and paid when
The following information is available for Ellis Corporation:
Common Stock ($5 par) $1,000,000
Retained Earnings 400,000 A 10% stock dividend is declared and paid when the market value was $15 per share.
Compute each of the following after the stock dividend. (a) Total stockholders' equity. (b) Number of shares outstanding. (c) Book value per share.
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
