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The stockholders' equity section of the balance sheet for Heavenly Desserts Corporation on January 12, 2022, follows: (Click the icon to view the data.)
The stockholders' equity section of the balance sheet for Heavenly Desserts Corporation on January 12, 2022, follows: (Click the icon to view the data.) On January 12, 2022, the market price of Heavenly Desserts common stock was $14 per share. Heavenly Desserts declared and distributed a 16% stock dividend on this date. Read the requirements Balance Sheet (Partial) Stockholders' Equity Common stock .75 par, 2200000 shares authorized, shares Total paid-in capital Total stockholders' equity Requirement 3. Why is total stockholders' equity unchanged by the stock dividend? The stock dividend did not change total stockholders' equity because the company gave its shareholders The company merely Requirement 4. Suppose HD had a cash balance of $500,000 on January 13, 2022. What is the maximum amount of cash dividends the company can declare? HD's maximum cash dividends
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