Question

Information taken from Jamestown Corp.’s balance sheet as of April 1, 2014, follows:
Common shares, 375,000 shares authorized,
150,000 shares issued and outstanding........................................................ $1,102,500
Retained earnings............................................................................................. 633,000

On April 1, Jamestown declares and distributes a 10% share dividend. The market value of the shares on this date is $25. Prepare the equity section for Jamestown immediately following the share dividend (assume all dividends are debited directly to Retained Earnings).



$1.99
Sales1
Views52
Comments0
  • CreatedJanuary 08, 2015
  • Files Included
Post your question
5000