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Stock dividendFirm Columbia Paper has the following stockholders' equity account. The firm's common stock has...

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Stock dividendFirm Columbia Paper has the following stockholders' equity account. The firm's common stock has a current market price of $29 per share. Preferred stock Common stock (10,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $120,000 20,000 270,000 90,000 $500,000 a. Show the effects on Columbia of a 15% stock dividend. b. In light of your answers to part a, discuss the effects of stock dividend on stockholders' equity. a. The preferred stock of Columbia after a 15% stock dividend is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. ? 5 parts remaining Clear All Check

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