The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $ 55,000 Capital surplus 218,000 Retained earnings 720,000 Total owners’ equity $ 993,000 a. Assume...

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Finance

The owners’ equityaccounts for Overby International are shown here:

Common stock ($1 par value) $ 55,000
Capitalsurplus 218,000
Retainedearnings 720,000
Total owners’equity $ 993,000

a. Assume the company's stock currently sells for$25 per share and a stock dividend of 8 percent is declared.

How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.)

New shares issued

Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.)

Common stock $
Capitalsurplus
Retainedearnings
Total owners’equity $

b. Now assume that instead the company declares astock dividend of 12 percent.

How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.)

New shares issued

Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.)
Common stock $
Capitalsurplus
Retainedearnings
Total owners’equity $

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The owners’ equityaccounts for Overby International are shown here: Common stock ($1 par value)$55,000Capitalsurplus218,000Retainedearnings720,000Total owners’equity$993,000 a. Assume the company's stock currently sells for$25 per share and a stock dividend of 8 percent is declared. How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.) New shares issued Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.) Common stock$CapitalsurplusRetainedearningsTotal owners’equity$ b. Now assume that instead the company declares astock dividend of 12 percent.How many new shares will be distributed? (Do not roundintermediate calculations and round your answer to the nearestwhole number, e.g., 32.)New shares issued Show the new balance for each equity account. (Do not roundintermediate calculations and round your answers to the nearestwhole number, e.g., 32.)Common stock$CapitalsurplusRetainedearningsTotal owners’equity$


Common stock ($1 par value)	$	55,000
Capitalsurplus		218,000
Retainedearnings		720,000
Total owners’equity	$	993,000


Common stock		$
Capitalsurplus
Retainedearnings
Total owners’equity		$