The shareholders' equity of Bodie Company on January 1, 2017, included the following: Common stock, $0.9...

Transcribed Image Text:

The shareholders' equity of Bodie Company on January 1, 2017, included the following: Common stock, $0.9 par; authorized, 800,000 shares; You will need to calculate the issued shared $234,675 Paid-in capital-excess of par Retained earnings 85,824 $500,000 On April 1, 2017, the board of directors of Bodie declared a 8% stock dividend on common shares, to be distributed on June 1. The market price of Bodie's common stock was $14 on April 1, 2016, and $16 on June 1, 2016. On April 1, the debit to Retained Earnings is $_ The shareholders' equity of Bodie Company on January 1, 2017, included the following: Common stock, $0.9 par; authorized, 800,000 shares; You will need to calculate the issued shared $234,675 Paid-in capital-excess of par Retained earnings 85,824 $500,000 On April 1, 2017, the board of directors of Bodie declared a 8% stock dividend on common shares, to be distributed on June 1. The market price of Bodie's common stock was $14 on April 1, 2016, and $16 on June 1, 2016. On April 1, the debit to Retained Earnings is $_

Answer rating: 100% (QA)

Common stock par value 090 N... View the full answer