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The stockholders' equity section of Marigold Corp.'s balance sheet consists of common stock ($7 par) $959,000 and retained earnings $410,000. A 10% stock dividend
The stockholders' equity section of Marigold Corp.'s balance sheet consists of common stock ($7 par) $959,000 and retained earnings $410,000. A 10% stock dividend (13,700 shares) is declared when the market price per share is $18. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend $ $ $ (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend Outstanding shares After Dividend $ After Dividend
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