The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53 per share.Answers
Given Самом 44ock (41 pm Kolsoj = $ 25000 Capital Surplus = 61400 Retained earnings - 4 23s2300 Тые буоль ойн 3 3,64 2m - Stock dividend -15% Молоk alo = ( 52 pa Доло 4 to) Коо. М оло5 (ма (ммача the dichibution of the stock dividend - 3670. No g os б адча 0+ Но если - 2goo- Add Stock dividend (2ҷ Ооо х 1 ) Noo oo oglaudiч 281750 * Assuming stock dividend has been declared at market price. Scanned with CamScanner
- (b) Equity audunts after the stock dividend Journal enties - - (36750x$53) for Retained earnings 1947750 Common stock dividend distributable (36750x81 36750 I paid in capital - common Stocke ($1947750-$36750) 1911000 To recond the declaration of dividend) O Common Stock diidend distübutable 36750 - Common stock 36850 281750 1911000 Common Stock - par Paid in capital in excess of par - common Capital surplus I Referred earnings ($2758300 - $ 1947750) Scanned Total owner's equity 61 8000 810550 3621300 CamScanner
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