The stockholders’ equity section of Zacman Company’s balance sheet as of April 1 follows. On April 2, Zacman declares and distributes a 10% stock dividend. The stock’s per share market value on April 2 is $25 (prior to the dividend). Prepare the stockholders’ equity section immediately after the stock dividend.Common stock — $5 par value, 375,000 sharesauthorized, 150,000 shares issued and outstanding . . . . . . . . . $ 750,000Paid-in capital in excess of par value, common stock . . . . . . . . . 352,500Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 633,000Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,735,500View Solution:
The stockholders equity section of Zacman Company s balance she



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *