Question: QS 11-8 (Static) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows.

QS 11-8 (Static) Reporting a small stock dividend LO P2 The stockholders'

QS 11-8 (Static) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend). Common stock-$5 par value, 375,000 shares authorized, 200,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 1,000,000 600,000 833,000 $ 2,433,000 Prepare the stockholders' equity section immediately after the stock dividend is distributed. JUN COMPANY Stockholders' Equity April 2 (after stock dividend) Common stock Total paid-in capital Total stockholders' equity 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!