Question
The shareholders' equity section ofWildhorseCorporation's balance sheet consists of264,000common shares for $2.29million, and retained earnings of $690,000. A 10% stock dividend is declared when the
The shareholders' equity section ofWildhorseCorporation's balance sheet consists of264,000common shares for $2.29million, and retained earnings of $690,000. A 10% stock dividend is declared when the fair value per share is $12. Show the before-and-after effects of the dividend on (a) share capital, (b) retained earnings, (c) total shareholders' equity, and (d) the number of shares.
BeforeAfter(a) Share capital
$
enter a dollar amount
$
enter a dollar amount
(b) Retained earnings
enter a dollar amount
enter a dollar amount
(c) Total shareholders' equity
enter a dollar amount
enter a dollar amount
(d) Number of shares
enter a number of shares
enter a number of shares
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