Problem 10-05 eBook Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 100,000...
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Problem 10-05 eBook Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 100,000 shares outstanding) $100,000 Additional paid-in capital Retained earnings -50,000 250,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.15 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $6? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. The impact of the 15 percent stock dividend: Common stock ($ par; Additional paid-in capital shares outstanding)$ A Retained earnings The impact of the $0.15 a share cash dividend: Common stock ($ Additional paid-in capital Retained earnings par; EA shares outstanding)$ $ $$ Grade it Now Save & Continue Continue without saving Problem 10-05 eBook Jackson Enterprises has the following capital (equity) accounts: Common stock ($1 par; 100,000 shares outstanding) $100,000 Additional paid-in capital Retained earnings -50,000 250,000 The board of directors has declared a 15 percent stock dividend on January 1 and a $0.15 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $6? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. The impact of the 15 percent stock dividend: Common stock ($ par; Additional paid-in capital shares outstanding)$ A Retained earnings The impact of the $0.15 a share cash dividend: Common stock ($ Additional paid-in capital Retained earnings par; EA shares outstanding)$ $ $$ Grade it Now Save & Continue Continue without saving
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