The stockholders equity section of Maley Corporations balance sheet consists of common stock ($8 par) $992,000 and
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The stockholders’ equity section of Maley Corporation’s balance sheet consists of common stock ($8 par) $992,000 and retained earnings $418,100. A 10% stock dividend (12,400 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.
(b) Show the before-and-after effects of the dividend on the shares outstanding.
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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