The owners equity accounts for Alexander International are shown here: Common stock ($0.50 par value) $ 20,000
Question:
The owners equity accounts for Alexander International are shown here: | ||
| | |
Common stock ($0.50 par value) | $ | 20,000 |
Capital surplus | | 285,000 |
Retained earnings | | 638,120 |
| | |
Total owners equity | $ | 943,120 |
| | |
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a - 1 | If okanagan stock currently sells for $30 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? |
New shares issued |
a-2 | Show how the equity accounts would change. |
| |
Common stock | $ |
Capital surplus | |
Retained earnings | |
| |
Total owners equity | $ |
| |
|
b - 1 | If instead Alexander declared a 25 percent stock dividend, how many new shares will be distributed? |
New shares issued |
b-2 | Show how the equity accounts would change. |
| |
Common stock | $ |
Capital surplus | |
Retained earnings | |
| |
Total owners equity | $ |
| |
|
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,