The shareholders' equity portion of Mishastone Tire Company follows: $\begin{array}{llr}
\text {Common stock ( 2.0 million shares) } &\$37,000,000\
\text { Retained earnings } &33,000,000\
& \$ 70,000,000
\end{array}$
The current market value of Mishastone's stock is $20. Show what the balance sheet will look like if Brimstone declares a 15% stock dividend.

Question

The shareholders' equity portion of Mishastone Tire Company follows: $\begin{array}{llr}
  \text {Common stock ( 2.0 million shares)  } &\$37,000,000\
 \text { Retained earnings } &33,000,000\
& \$ 70,000,000
\end{array}$
 The current market value of Mishastone's stock is $20. Show what the balance sheet will look like if Brimstone declares a 15% stock dividend.

Quizplus · Accepted Answer

The Answer of The shareholders' equity portion of Mishastone Tire Company follows: $\begin{array}{llr}
  \text {Common stock ( 2.0 million shares)  } &\$37,000,000\
 \text { Retained earnings } &33,000,000\
& \$ 70,000,000
\end{array}$
 The current market value of Mishastone's stock is $20. Show what the balance sheet will look like if Brimstone declares a 15% stock dividend.

The Shareholders' Equity Portion of Mishastone Tire Company Follows The Current Market Value of Mishastone's Stock Is $20