Question: Question 6 View Policies Current Attempt in Progress The stockholders' equity section of Sheffield Corp's balance sheet consists of common stock ($9 par) $1,233,000 and

Question 6 View Policies Current Attempt in Progress The stockholders' equity

Question 6 View Policies Current Attempt in Progress The stockholders' equity section of Sheffield Corp's balance sheet consists of common stock ($9 par) $1,233,000 and retained earnings $400.000. A 15% stock dividend (20,550 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares

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