The company with the common equity accounts shown here has declared a 15 percent stock dividend...
The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $41 per share.
Common stock ($1 par value) $ 395,000
Capital surplus 848,000
Retained earnings 3,740,800
Total owners' equity $ 4,983,800
What would be the number of shares outstanding, after the distribution of the stock dividend? New shares outstanding What would the equity accounts be after the stock dividend? Common stock $ Capital surplus Retained earnings Total owners' equity $
Homework Answers
Answer : Share issue as stock dividend
395000*15% = 59250 No.
After Issued of Stock Dividends, No. of shares will be = 395000+59250
= 454250 no.
Answer : Value of share issue as stock dividend
= 59250*41
= 2429250
Balance of following accounts after issue of stock dividend will be
Common Stock (1$ par value ) = 395000+59250 = $ 454250
Capital Surplus = 848000+2370000 = $ 3218000
Retained Earning = 3740800-2429250 = $1311550
Total Owner Equity = $ 4983800
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