Question
The Stockholders' Equity section of the balance sheet for High Five Design Company appeared as follows before its recent stock dividend: Common stock, $3 par,
The Stockholders' Equity section of the balance sheet for High Five Design Company appeared as follows before its recent stock dividend:
Common stock, $3 par, 100,000 shares issued and outstanding | $300,000 |
Additional paid-in capital--common | 150,000 |
Retained earnings | 425,000 |
Total stockholders' equity | $875,000 |
High Five declared a 10% stock dividend when the market price per share was $7. In the space provided, write in the amounts of each of the components of the stockholders' equity section, after the stock dividend was distributed.
Common stock | $________________________ |
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Additional paid-in capital -- Common stock | $________________________ |
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Retained earnings | $________________________ |
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