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The stockholders' equity section of Flint Corporation's balance sheet consists of common stock ($8 par) $1,260,000 and retained earnings $460,000. A 15% stock dividend (23,625
The stockholders' equity section of Flint Corporation's balance sheet consists of common stock ($8 par) $1,260,000 and retained earnings $460,000. A 15% stock dividend (23,625 shares) is declared when the market price per share is $15. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. (Enter account name only and do not provide descriptive information.) Before Dividend $ After Dividend
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