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The stockholders' equity portion of Brimstone Tire Company follows: Common Stock (2 million shares at $10 par) $ 20,000,000 Capital in excess of par $
The stockholders' equity portion of Brimstone Tire Company follows:
Common Stock (2 million shares at $10 par) $ 20,000,000
Capital in excess of par $ 17,000,000
Retained earnings $ 33,00,000
Total $70,000,000
The current market value of Brimstone's stock is $25. Show what the balance sheet will look like if Brimstone declares a 5% stock dividend
Common Stock (__ million shares at __ par)
Capital in excess of par
Retained earnings
Total
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