Question
The stockholders equity of Whiz.com Company at the beginning of the day on February 5 follows. Common stock$25 par value, 150,000 shares authorized, 69,000 shares
The stockholders equity of Whiz.com Company at the beginning of the day on February 5 follows. |
Common stock$25 par value, 150,000 shares authorized, 69,000 shares issued and outstanding | $ | 1,725,000 |
Paid-in capital in excess of par value, common stock | 525,000 | |
Retained earnings | 675,000 | |
Total stockholders equity | $ | 2,925,000 |
On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $46 per share on February 5 before the stock dividend. The stocks market value is $40 per share on February 28. |
2. | One stockholder owned 850 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholders shares immediately before and after the stock dividend of February 5. (Do not round intermediate calculations. Round book value per share to 2 decimal places and other answers to the nearest dollar amount. Omit the "$" sign in your response.) |
Before | After | |
Book value per share | $ | $ |
Total book value of shares | $ | $ |
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