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The stockholders equity accounts of Pronghorn Company have the following balances on December 31, 2017. Common Stock $10 par 310000 shares issued and outstanding 3100000
The stockholders equity accounts of Pronghorn Company have the following balances on December 31, 2017.
Common Stock $10 par 310000 shares issued and outstanding 3100000
Paid in Capital in excess of par common stock 1190000
Retained Earnings 5160000
Shares of Pronghorn Company stock are currently selling on the Midwest Stock Exchange at $41
a. A stock dividend of 7% is 1 declared and 2 issued
b. A stock dividend of 100% is 1 declared and 2 issued.
c. A 2 for 1 split is 1 declared and 2 issued.
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