The Stockholders' equity for Icy Pop Corp. on August 16, 2017 is above. On Aug.16,...
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Accounting
The Stockholders' equity for Icy Pop Corp. on August 16, 2017 is above.
On Aug.16, 2017 the market price of Icy Pop common stock was $18 per share. Assume Icy Pop declared and distruibuted a 10% stock dividend on this date.
Journalize the declaration and distribution of the stock dividend.
(Prepare the stockholders equity section of the balance sheet after the stock dividend.) Answer this!!!
Stockholders' Equity Common stock, $0.75 par 2,200,000 shares authorized, 800,000 shares issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity 600.000 1,722,027 7,111,000 (205,000) 9,228,027
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