Question
The owners equity accounts for Hexagon International are shown here: Common stock ($.80 par value) $ 25,000 Capital surplus 370,000 Retained earnings 808,120 Total owners
| The owners equity accounts for Hexagon International are shown here: |
| Common stock ($.80 par value) | $ | 25,000 |
| Capital surplus | 370,000 | |
| Retained earnings | 808,120 | |
| Total owners equity | $ | 1,203,120 |
| a-1. | If the company's stock currently sells for $30 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) |
| New shares issued |
| a-2. | Show the new equity account balances after the stock dividend is paid. (Do not round intermediate calculations.) |
| Common stock | $ |
| Capital surplus | |
| Retained earnings | |
| Total owners equity | $ |
| b-1. | If the company declared a 20 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.) |
| New shares issued |
| b-2. | Show the new equity account balances after the stock dividend is paid. (Do not round intermediate calculations.) |
| Common stock | $ |
| Capital surplus | |
| Retained earnings | |
| Total owners equity | $ |
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
