The stockholders' equity of Lakewood Occupational Therapy, Inc., on December 31, 2009, follows. On April 30, 2010,

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The stockholders' equity of Lakewood Occupational Therapy, Inc., on December 31, 2009, follows.

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On April 30, 2010, the market price of Lakewood's common stock was $14 per share and the company distributed a 10% stock dividend.

Requirements

1. Journalize the distribution of the stock dividend.

2. Prepare the stockholders' equity section of the balance sheet after the stock dividend.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:02 PM

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The stockholders' equity of Lakewood Occupational Therapy, Inc., on December 31, 2009, follows. On April 30, 2010,

Question:

STOCKHOLDERS' EQUITY Paid-in capital: Common stock, $1 par, 100,000 shares authorized, 50,000 shares issued. Paid-in capital in excess of par.. Total paid-in capital......... Retained earnings.... Total stockholders' equity $ 50,000 200,000 250,000 120,000 $370,000

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Accounting

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