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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.
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