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The owners equity accounts for Octagon International are shown here: Common stock ($.50 par value) $ 40,000 Capital surplus 335,000 Retained earnings 738,120 Total owners
The owners equity accounts for Octagon International are shown here: |
Common stock ($.50 par value) | $ | 40,000 |
Capital surplus | 335,000 | |
Retained earnings | 738,120 | |
Total owners equity | $ | 1,113,120 |
a-1. | If the company's stock currently sells for $25 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) |
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 owner's equity -
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