The owners’ equity accounts for Hexagon International are shown here: Common stock ($.50 par value) $ 42,500 Capital surplus 345,000 Retained earnings 758,120 Total...

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Finance

The owners’ equity accounts for Hexagon International are shownhere:

  Common stock ($.50 par value) $ 42,500
  Capital surplus 345,000
  Retained earnings 758,120
     Total owners’ equity $ 1,145,620

a-1.
If the company's stock currently sells for $20 per share and a15 percent stock dividend is declared, how many new shares will bedistributed? (Do not round intermediatecalculations.)

  New shares issued

a-2.
Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.)

  Common stock $
  Capital surplus
  Retained earnings
     Total owners’ equity $
b-1.
If the company declared a 25 percent stock dividend, how manynew shares will be distributed? (Do not round intermediatecalculations.)
  New shares issued
b-2.
Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.)

  Common stock $
  Capital surplus
  Retained earnings
     Total owners’ equity $

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Before stock dividendNumber of shares outstanding Common stock Par value pershareNumber of shares outstanding 42500 050Number of shares outstanding 85000Answer aIf 15 stock dividend is declaredNumber of shares See Answer

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The owners’ equity accounts for Hexagon International are shownhere: Common stock ($.50 par value)$42,500 Capital surplus345,000 Retained earnings758,120 Total owners’ equity$1,145,620 a-1.If the company's stock currently sells for $20 per share and a15 percent stock dividend is declared, how many new shares will bedistributed? (Do not round intermediatecalculations.) New shares issued a-2.Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.) Common stock$ Capital surplus Retained earnings Total owners’ equity$ b-1.If the company declared a 25 percent stock dividend, how manynew shares will be distributed? (Do not round intermediatecalculations.) New shares issued b-2.Show the new equity account balances after the stock dividend ispaid. (Do not round intermediatecalculations.) Common stock$ Capital surplus Retained earnings Total owners’ equity$


Common stock ($.50 par value)	$	42,500
Capital surplus		345,000
Retained earnings		758,120

Total owners’ equity	$	1,145,620


Common stock	$
Capital surplus
Retained earnings

Total owners’ equity	$