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The stockholders' equity section of Cheyenne Corp's balance sheet consists of common stock ($8 par) $808,000 and retained earnings $284,000. A 10% stock dividend (10,100
The stockholders' equity section of Cheyenne Corp's balance sheet consists of common stock ($8 par) $808,000 and retained earnings $284,000. A 10% stock dividend (10,100 shares) is declared when the market price per share is $21. Show the before-and- after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. Before Dividend After Dividend Stockholders' equity $ Outstanding shares
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