Question

The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock’s per share market value on April 2 is $20 (prior to the dividend). Prepare the stockholders’ equity section immediately after the stock dividend.
Common stock — $5 par value, 375,000 shares
authorized, 200,000 shares issued and outstanding . . . . . . . . . $1,000,000
Paid-in capital in excess of par value, common stock . . . . . . . . . 600,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 833,000
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$2,433,000


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  • CreatedApril 23, 2015
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