The stockholders equity section of Jun Companys balance sheet as of April $1$ follows. On April $2,$ Jun declares and distributes a $15\%$ stock dividend. The stocks per share market value on April $2$ is $$10($prior to the dividend$).$

Common stock$$5$ par value, $545,000$ shares

authorized, $285,000$ shares issued and outstanding $ $1,425,000$

Paid$-$in capital in excess of par value, common stock $660,000$

Retained earnings $918,000$

Total stockholders' equity $ $3,003,000$

Prepare the stockholders equity section immediately after the stock dividend is distributed.

Answer rating: 100% (QA)

As given in the question Percentage of dividend distribution 15 Value of stocks per share market 10 ... View the full answer