The stockholders equity of Pondside Occupational Therapy, Inc., on December 31, 2011, follows: On April 30, 2012,

Question:

The stockholders€™ equity of Pondside Occupational Therapy, Inc., on December 31, 2011, follows:

STOCKHOLDERS' EQUITY Paid-in capital: Common stock, $1 par, 1,250 shares authorized, 530 issued. 530 Paid-in capital in

On April 30, 2012, the market price of Pondside€™s common stock was $11 per share and the company distributed a 10% stock dividend.
Requirements
1. Journalize the distribution of the stock dividend.
2. Prepare the stockholders€™ equity section of the balance sheet after the stockdividend.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...