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Use the stockholders' equity section of Sysco Corporation's balance sheet (below) to answer the questions that follow. Shareholders equity 2020 2019 Preferred stock, par value
Use the stockholders' equity section of Sysco Corporation's balance sheet (below) to answer the questions that follow. | |||
Shareholders equity | 2020 | 2019 | |
Preferred stock, par value $1 per share Authorized 1,500 shares, issued none | |||
Common stock, par value $1 per share Authorized 2,000,000 shares, issued 765,174 shares | $765,175 | $765,175 | |
Additional Paid-in capital | $1,506,901 | $1,457,419 | |
Retained earnings | $10,563,008 | $11,229,679 | |
Accumulated other comprehensive loss | ($1,710,881) | ($1,599,729) | |
Treasury stock at cost, 256,915 and 252,297 shares | ($9,965,590) | ($9,349,941) | |
Total shareholders equity | $1,158,613 | $2,502,603 | |
1 | Suppose Sysco declares a stock dividend of 10%. The number of shares they issue is equal to 10% of the number of outstanding shares. | ||
The share price on the date of the dividend is $100 per share. | |||
What would be the new amounts (that is, the amounts after the dividend) for the following items: | |||
1.a | Number of shares outstanding | ||
1.b | Common stock | ||
1.c | Additional Paid-in capital | ||
1.d | Retained earnings |
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