Problem 17-8 Stock Dividends [LO3] The company with the common equity...
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Accounting
Problem 17-8 Stock Dividends [LO3]
| The company with the common equity accounts shown here has declared a 10 percent stock dividend when the market value of its stock is $40 per share. |
| Common stock ($1 par value) | $ | 450,000 |
| Capital surplus | 859,000 | |
| Retained earnings | 3,850,800 | |
| Total owners' equity | $ | 5,159,800 |
| What would be the number of shares outstanding, after the distribution of the stock dividend? (Do not round intermediate calculations.) |
| New shares outstanding |
| What would the equity accounts be after the stock dividend? (Do not round intermediate calculations.) |
| Common stock | $ |
| Capital surplus | |
| Retained earnings | |
| Total owners' equity | $ |
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