On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $6 par value$464,400 Paid-in
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Question:
On October 1, Little Bobby Corporation's stockholders' equity is as follows.
Common stock, $6 par value$464,400 Paid-in capital in excess of par—common stock24,540Retained earnings159,820 Total stockholders' equity$648,760
On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $15 per share.
(a)Your answer is incorrect. Try again.
Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
Par value before the stock dividend$
Par value after the stock dividend$
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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