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The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12,500
The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12,500 shares) is declared when the market price per share is $19. Show the before-and- after effects of the dividend on the following (a) The components of stockholders' equity. (b) Shares outstanding Before After Dividend Dividend Stockholders' equity $ Outstanding shares
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