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The stockholders' equity accounts of Sunland Company have the following balances on December 31, 2020. Common stock, $10 par,292,000shares issued and outstanding$2,920,000Paid-in capital in excess
The stockholders' equity accounts of Sunland Company have the following balances on December 31, 2020.
Common stock, $10 par,292,000shares issued and outstanding$2,920,000Paid-in capital in excess of parcommon stock1,320,000Retained earnings5,080,000
Shares of Sunland Company stock are currently selling on the Midwest Stock Exchange at $33.
(a)A stock dividend of6% is (1) declared and (2) issued.(b)A stock dividend of 100% is (1) declared and (2) issued.(c)A2-for-1 stock split is (1) declared and (2) issued.
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