Question
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
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 ? ?
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
