Question
The Percolator Company has the following capital structure: Common stock ($5 par, 250,000 shares)$1,250,000 Contributed capital in excess of par$5,000,000 Retained earnings$4,000,000 The company declares
The Percolator Company has the following capital structure:
Common stock ($5 par, 250,000 shares)$1,250,000
Contributed capital in excess of par$5,000,000
Retained earnings$4,000,000
The company declares a 20% stock dividend. The pre-stock dividend market price of the company's stock is $50.
Determine the balance in the common stock account after the stock dividend.
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
