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The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend.
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock's per share market value on April 2 is $10 (prior to the dividend) 10 Common stock-$5 par value, 545,000 shares authorized, 285,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings points 1,425,000 660,000 918,000 $ 3,003,000 Total stockholders' equity eBook Prepare the stockholders' equity section immediately after the stock dividend. Hint JUN COMPANY Stockholders' Equity Print April 2 (after stock dividend) Common stock $ 1,638,750 Paid-in capital in excess of par value, common stock References Total paid-in capital 1,638,750 Retained earnings Total stockholders' equity 1,638,750 LO
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