On December 31, 2022, when JR Corporation's shares were selling at $44 per share, its shareholders'...
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On December 31, 2022, when JR Corporation's shares were selling at $44 per share, its shareholders' equity accounts were as follows: Common shares (no par value) = 100,000 Shares Issues and outstanding = $2,700,000 Retained earnings (credit) = $4,450,000 A 100 percent stock dividend was declared and issued. The effect of this dividend on shareholder equity was: Common shares increased to $6,460,000. Common shares increased to $5,600,000. Total shareholders' equity did not change. Total shareholders' equity decreased. On December 31, 2022, when JR Corporation's shares were selling at $44 per share, its shareholders' equity accounts were as follows: Common shares (no par value) = 100,000 Shares Issues and outstanding = $2,700,000 Retained earnings (credit) = $4,450,000 A 100 percent stock dividend was declared and issued. The effect of this dividend on shareholder equity was: Common shares increased to $6,460,000. Common shares increased to $5,600,000. Total shareholders' equity did not change. Total shareholders' equity decreased.
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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