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what are the calculations Madtson Company declared a stock dMdend of 524 400 shares on a date when the firms common stock was selling Ior
what are the calculations
Madtson Company declared a stock dMdend of 524 400 shares on a date when the firms common stock was selling Ior S22 per share The shares issued to satisfy the stock d'V1dend are newly Issued shares not treasury shares, and the treasury shares are rot entitled to the stock dvdend Provide the pumal entnes a' the declaration date end the issue date Prepare the stockholders' equity section of the balance sheet after the Issuance of the dvdend Corrvrwn Stock . Par 2422 ooo Prepare me stockhokjers section of the balance sheet after the essuance of the dMdend (Enter tho accounts tn tho proper Stockholders' Equity (nrrrn Stcxk. SS par value , 1881.400 shares IssuedL Pad-an Captal n Excess of Par - Common Total Contnbuled Capital E arngvs Tc*al Contrtnned Capital and Retained Earmngs Less Cost ot Treasury Stock (46000 shares) Tcu Stkroders Equity Balance 2,400000 1 35 goo shares authonzed. shares outstanding s 9407000 12 109 ooo s 21 S16000 9 958 ooo s 31.474 ooo (1 840000) s 29 634 000 Capital Structure Stockholder" equity Common Stock (S5 par value 2400000 shares authorued, 1 351,000 shares Issued, 1 ,311 000 shares outstanding) Additional Padan Capital n Excess of Par Common Total Contnbutod Capral Reta'ned Earmngs Total Contnbutod Capital and Retaned Earnings Less Cost Of Treasury Stock (46 000 shares) Total Stockholders' Equity pnnt s s s s Balance 6 785000 12 109000 18894 ooo 12680 ooo 31474 ooo (1 840 000) 29 634 ooo ques
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