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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 30
An owner of 2,500 shares of Simmons Company common stock receives a stock dividend of 50 shares.
a. What is the effect of the stock dividend on the stockholder's proportionate interest ( equity) in the corporation?
b. How does the total equity of 2,550 shares compare with the total equity of 2,500 shares before the stock dividend?
a. What is the effect of the stock dividend on the stockholder's proportionate interest ( equity) in the corporation?
b. How does the total equity of 2,550 shares compare with the total equity of 2,500 shares before the stock dividend?
Explanation
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a) Effect of stock dividend on the stock...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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