Question
The owners equity accounts for Octagon International are shown here: Common stock ($.60 par value) $ 37,500 Capital surplus 325,000 Retained earnings 718,120 Total owners
The owners equity accounts for Octagon International are shown here: |
Common stock ($.60 par value) | $ | 37,500 |
Capital surplus | 325,000 | |
Retained earnings | 718,120 | |
Total owners equity | $ | 1,080,620 |
a-1 | If Octagon stock currently sells for $20 per share and a 20 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 values. (Do not round intermediate calculations.) |
Common stock | $ |
Capital surplus | |
Retained earnings | |
Total owners equity | $ |
b-1 | If instead Octagon declared a 25 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 values. (Do not round intermediate calculations.) |
Common stock | $ |
Capital surplus | |
Retained earnings | |
Total owners equity | $ |
The owners equity accounts for Octagon International are shown here: Common stock ($.60 par value) $ 37,500 Capital surplus 325,000 Retained earnings 718,120 Total owners equity $ 1,080,620 a-1 If Octagon stock currently sells for $20 per share and a 20 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 values. (Do not round intermediate calculations.) Common stock $ Capital surplus Retained earnings Total owners equity $ b-1 If instead Octagon declared a 25 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 values. (Do not round intermediate calculations.) Common stock $ Capital surplus Retained earnings Total owners equity $
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