Question
The owners equity accounts for Vidi International are shown here: Common stock ($.50 par value) $ 35,000 Capital surplus 320,000 Retained earnings 708,120 Total owners
The owners equity accounts for Vidi International are shown here:
Common stock ($.50 par value) $ 35,000
Capital surplus 320,000
Retained earnings 708,120
Total owners equity $ 1,063,120
a-1 If the company's 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.)
a-2 Show how the equity accounts would change. (Do not round intermediate calculations.)
b-1 If instead the company declared a 25 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.)
b-2 Show how the equity accounts would change. (Do not round intermediate calculations.)
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