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Wysoki Enterrprises is considering a stock dividend. The firm's capital includes 3 million shares of $1 par value stock issued at an average price of
Wysoki Enterrprises is considering a stock dividend. The firm's capital includes 3 million shares of $1 par value stock issued at an average price of $8. Retained earnings total $20 million. State the equity accounts now and after each of the following possible stock dividends.
a. Wysoki declared a 5% stock dividend, and the current price of stock is $15
b. Wysoki declared a 10% stock dividend, and the current price of is $20
c. Wysoki declared a 15% stock dividend, and the currrent price of the stock is $23
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