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The owners equity accounts for Octagon International are shown here: Common stock ($.50 par value) $ 46,000 Capital surplus 380,000 Retained earnings 828,120 Total owners
The owners equity accounts for Octagon International are shown here: |
Common stock ($.50 par value) | $ | 46,000 |
Capital surplus | 380,000 | |
Retained earnings | 828,120 | |
Total owners equity | $ | 1,254,120 |
a-1 | If Octagon stock currently sells for $20 per share and a 15 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 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 values. (Do not round intermediate calculations.) |
Common stock | $ |
Capital surplus | |
Retained earnings | |
Total owners equity | $ |
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