The stockholders' equity section ofConcordCorporation consists of common stock ($10par) $2,300,000and retained earnings $525,000. A10% stock dividend

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The stockholders' equity section ofConcordCorporation consists of common stock ($10par) $2,300,000and retained earnings $525,000. A10% stock dividend (23,000shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following.

(a)The components of stockholders' equity.

(b)Shares outstanding.

(c)Par value per share.

Before Dividend After Dividend

Stockholders' equity ? ?

Outstanding shares ? ?

Par value per share ? ?

Posted Date: Jun 19, 2024 09:23 AM

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The stockholders' equity section ofConcordCorporation consists of common stock ($10par) $2,300,000and retained earnings $525,000. A10% stock dividend

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