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The stockholder's equity section of Jun Co's. balance sheets as of April 1 follows. On April 2 Jun declares and distributes a 15% stock dividend.
The stockholder's equity section of Jun Co's. balance sheets 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 $15 (prior to the dividend.)
Common stock $5 par value, 515,000 shares authorized, 270,000 shares issued and outstanding $1,350,000
Paid-in capital in excess of par value, common stock $630,000
Retained earnings $903,000
Total stockholders equity $2,883,000
Prepare the stockholders equity section immediately after the stock dividend is distributed.
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