Question
The Waco Widget is planning to give a 6% stock dividend to its stockholders. The current stock price is $18.50. Based on the current equity
The Waco Widget is planning to give a 6% stock dividend to its stockholders. The current stock price is $18.50. Based on the current equity accounts below, show the equity section of the balance sheet after the stock dividend.
Common Stock ($3 par) 360,000
Paid-In Capital 900,000
Retained Earnings 550,000
Total Capital 1,810,000
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
