(b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been...
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(b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.
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On October 1, Sheridan Corporation's stockholders' equity is as follows. Common stock, $5 par value $378,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings 158,000 Total stockholders' equity $556,000 On October 1, Sheridan declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Your answer is incorrect. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.. Par value before the stock dividend %$4 Par value after the stock dividend %24 On October 1, Sheridan Corporation's stockholders' equity is as follows. Common stock, $5 par value $378,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings 158,000 Total stockholders' equity $556,000 On October 1, Sheridan declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Your answer is incorrect. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.. Par value before the stock dividend %$4 Par value after the stock dividend %24
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