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the sto to record issuance of Stock issuance for noncash assets P1 before any stock dividend or split. Sharper declares and immediately distributes a
the sto to record issuance of Stock issuance for noncash assets P1 before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Large stock dividen After the distribution is made, (1) prepare the updated stockholders' equity section and (2) compute the On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows Exercise 13-6 number of shares outstanding. Common stock-$10 par value, 50,000 shares issued and outstanding. Paid-in capital in excess of par value, common stock. Retained earnings... Total stockholders' equity $ 500,000 200,000 660.000 $1,360,000 Refer to the information in Exercise 13-6. Assume that instead of distributing a stock dividend. Sharner did 1 for-1 stock split. After the split, (1) prepare the updated stoolt P2 Exercise 427
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