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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 20% stock dividend.
The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stocks per share market value on April 2 is $15 (prior to the dividend). Common stock$5 par value, 475,000 shares authorized, 250,000 shares issued and outstanding $ 1,250,000 Paid-in capital in excess of par value, common stock 590,000 Retained earnings 883,000 Total stockholders' equity $ 2,723,000 Prepare the stockholders equity section immediately after the stock dividend is distributed.
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