Question

Jackson Enterprises has the following capital (equity) accounts:
Common stock ($1 par; 100,000 shares outstanding) ... $100,000
Additional paid-in capital............. 200,000
Retained earnings................ 225,000
The board of directors has declared a 20 percent stock dividend on
January 1 and a $0.25 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $4?


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  • CreatedMarch 19, 2015
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