The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The stockholders equity section of Jun Companys balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stocks per share market value on April 2 is $10 (prior to the dividend).
Common stock$5 par value, 465,000 shares
authorized, 245,000 shares issued and outstanding
$
1,225,000
Paid-in capital in excess of par value, common stock
580,000
Retained earnings
878,000
Total stockholders' equity
$
2,683,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
