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The owners' equity accounts for Vulcano International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity $ 20,000
The owners' equity accounts for Vulcano International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity $ 20,000 210,000 587,300 $ 817,300 a-1.If the company's stock currently sells for $42 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 4,000 a- Show how the equity accounts would change. (Do not round intermediate 2. calculations.) Common stock Capital surplus Retained earnings Total owners' equity 69 $ 22,000 376,000 419,300 69 $ 817,300 b-1.If instead the company declared a 25 percent stock dividend, how many new shares will be distributed? (Do not round intermediate calculations.) New shares issued 10,000
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