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The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend.
The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend). Common stock$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding $ 1,300,000 Paid-in capital in excess of par value, common stock 610,000 Retained earnings 893,000 Total stockholders' equity $ 2,803,000 Prepare the stockholders equity section immediately after the stock dividend is distributed.
QS 13-8 (Algo) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend). Common stock-$5 par value, 495,000 shares authorized, 260,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,300,000 610,000 893,000 $ 2,803,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. X Answer is not complete. JUN COMPANY Stockholders' Equity April 2 (after stock dividend) $ 1,430,000 130,000 Common stock Paid-in capital in excess of par value, common stock Total paid-in capital Retained earnings Total stockholders' equity 1,560,000 $ 1,560,000Step by Step Solution
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