Question
The owners' equity accounts for Hexagon International are shown here : Common stock ($1 par) $ 10,000 Capital surplus 180,000 Retained earnings 586,500 Total owners'
The owners' equity accounts for Hexagon International are shown here :
Common stock ($1 par) $ 10,000
Capital surplus 180,000
Retained earnings 586,500
Total owners' equity $776,500
29. Hexagon stock currently sells for $25 per share and a 10% stock dividend is declared. Show how the equity accounts would change.
A) Common $25,000; Surplus no change; RE no change; Total $801,500.
B) Common $11,000; Surplus $205,000; RE no change; Total $802,500.
C) Common $11,000; Surplus $204,000; RE $561,500; Total no change.
D) Common $1,000; Surplus $204,000; RE $571,500; Total no change.
E) Common $10,000; Surplus $205,000; RE $586,500; Total $801,500.
Please show work, THanks!
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