The shareholders' equity portion of Dexter Company follows: $\begin{array}{ll}
\text { Common stock ( } 1.0 \text { million shares) } & \$ 20,000,000 \
\text { Retained earnings } &12,000,000 \
&\$ 32,000,000
\end{array}$
The current market value of Dexter's stock is $30. Show what the balance sheet will look like if Brimstone declares a 10% stock dividend.

Question

The shareholders' equity portion of Dexter Company follows: $\begin{array}{ll}
\text { Common stock ( } 1.0 \text { million shares) } & \$ 20,000,000 \
\text { Retained earnings } &12,000,000 \
&\$ 32,000,000
\end{array}$
 The current market value of Dexter's stock is $30. Show what the balance sheet will look like if Brimstone declares a 10% stock dividend.

Quizplus · Accepted Answer

The Answer of The shareholders' equity portion of Dexter Company follows: $\begin{array}{ll}
\text { Common stock ( } 1.0 \text { million shares) } & \$ 20,000,000 \
\text { Retained earnings } &12,000,000 \
&\$ 32,000,000
\end{array}$
 The current market value of Dexter's stock is $30. Show what the balance sheet will look like if Brimstone declares a 10% stock dividend.

The Shareholders' Equity Portion of Dexter Company Follows The Current Market Value of Dexter's Stock Is $30