Question: answer this question provided in picture Question 4 The owners' equity for Octagon International Co. are shown below: Common stock ($1 par value) $25,000 Capital

answer this question provided in picture

Question 4 The owners' equity for Octagon International Co. are shown below: Common stock ($1 par value) $25,000 Capital Surplus $180,000 Retained earnings $620,400 Total owners' equity $825,400 Determine the new number of stocks will be distributed if Octagon International declares 10 percent stock dividend and the stock currently selling for $30 per share. Show the changes in Octagon International equity account. (10 marks)

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