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The stockholders' equity section of Jun Company's balance sheet as of April I follows. On April 2... declares and distributes a 10% stock dividend. The
The stockholders' equity section of Jun Company's balance sheet as of April I follows. On April 2... declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (price to the dividend). Prepare the stockholders' equity section immediately after the stock dividend. Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding ............. Paid-in capital in excess of par value, common stock Retained earnings .......... Total stockholders' equity ........ $1,000,000 600,000 833,000 $2,433,000
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