Question
The stockholders equity section of Crane Corporation consists of common stock ($10 par) $1,500,000 and retained earnings $500,000. A 10% stock dividend (15,000 shares) is
The stockholders equity section of Crane Corporation consists of common stock ($10 par) $1,500,000 and retained earnings $500,000. A 10% stock dividend (15,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following.
| (a) | The components of stockholders equity. | |
| (b) | Shares outstanding. | |
| (c) | Par value per share. |
| Before Dividend | After Dividend | |||
| Stockholders equity | $ | $ | ||
| Outstanding shares | ||||
| Par value per share | $ | $ |
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1119444367
