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The stockholders' equity section of Larkspur, Inc. consists of common stock ($10 par) $1,960,000 and retained earnings $511,000. A 10% stock dividend (19,600 shares) is
The stockholders' equity section of Larkspur, Inc. consists of common stock ($10 par) $1,960,000 and retained earnings $511,000. A 10% stock dividend (19,600 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. (c) Par value per share. Stockholders' equity Outstanding shares Before Dividend Par value per share $ $ SA After Dividend
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