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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 36
Stockholders' Equity Section of Balance Sheet
Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share.he outstanding shares had originally been sold at $8 per share.he balance in retained earnings before the declaration of the stock dividend, but after the addition of the current year's net income, was $995,000.repare the stockholders' section of Alexander's balance sheet to reflect these facts.
Alexander, Inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share.he outstanding shares had originally been sold at $8 per share.he balance in retained earnings before the declaration of the stock dividend, but after the addition of the current year's net income, was $995,000.repare the stockholders' section of Alexander's balance sheet to reflect these facts.
Explanation
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Stock Dividend:
Stock dividend is the d...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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