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The stockholders' equity section of the balance sheet for Perfect Desserts Corporation on January 16, 2022, follows: (Click the icon to view the data.) On
The stockholders' equity section of the balance sheet for Perfect Desserts Corporation on January 16, 2022, follows: (Click the icon to view the data.) On January 16, 2022, the market price of Perfect Desserts common stock was \$15 per share. Perfect Desserts declared and distributed a 15% stock dividend on this date. Read the requirements. Requirement 1. Journalize the declaration and distribution of the 15% stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) 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 PD had a cash balance of $550,000 on January 17,2022 . What is the maximum amount of cash dividends the company can declare? PD's maximum cash dividends Data table
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