Question

The shareholders’ equity accounts or Hexagon International are shown here:
Common stock ($1 book value)........ $ 30,000
Capital surplus................185,000
Retained earnings..............627,500
Total shareholders’ equity..........$842,500
a. If Hexagon stock currently sells for $37 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change.
b. If Hexagon declared a 25 percent stock dividend, how would the accounts change?


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  • CreatedJune 17, 2015
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