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The only Value that is given to me is the $10 par value per share. The common stock was correct in my answer but the
The only Value that is given to me is the $10 par value per share. The common stock was correct in my answer but the Paid in Capital and retained earnings was incorrect. Im stuck.
Required information Use the following information for the Exercises 8-9 below. (Algo) [The following information applies to the questions displayed below.] On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 88,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 880,000 390,000 755,000 $ 2,025,000 Exercise 13-8 (Algo) Large stock dividend LO P2 es (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Required 1 Required 2 ok Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION nt Stockholders' Equity Section of the Balance Sheet June 30 $ ences 1,320,000 Common stock-$10 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 2,150,000 (75,000) 3,395,000 $ Required 1 Required 2 >Step by Step Solution
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