Question: please answer both a &b. thanks! The owners' equity accounts for Vulcano international are shown here: a. Assume the company's stock currently sells for $23
The owners' equity accounts for Vulcano international are shown here: a. Assume the company's stock currently sells for $23 per share and a stock dividend of 12 percent is declared. How many new shares will be distributed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Show the new balance for each equity account. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32 . b. Now assume that instead the company declares a stock dividend of 16 percent. How many new shares will be distributed? Note: Do not round intermediete calculations and round your answer to the nearest whole number, e.9., 32 . Show the new balance for each equity account. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32
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