On June 30, 2026, when Wildhorse Co.'s stock was selling at $62 per share, its capital...
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On June 30, 2026, when Wildhorse Co.'s stock was selling at $62 per share, its capital accounts were as follows: Capital stock (par value $50; 59000 shares issued) $2950000 Premium on capital stock Retained earnings 590000 4320000 If a 100% stock dividend were declared and distributed, capital stock would be On June 30, 2026, when Wildhorse Co.'s stock was selling at $62 per share, its capital accounts were as follows: Capital stock (par value $50; 59000 shares issued) $2950000 Premium on capital stock Retained earnings 590000 4320000 If a 100% stock dividend were declared and distributed, capital stock would be
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increased by 59000 shares resulting in a total of 118000 shares The ... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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