The following information is available for Pencil Corporation: Common Stock ($5 par) $ \$ 1,600,000 $
Retained Earnings $ \quad 1,300,000 $ A 20% stock dividend is declared and paid when the market value was $16 per share.
Instructions
Compute each of the following after the stock dividend.
(a) Total stockholders' equity.
(b) Number of shares outstanding.

Question

Quizplus · Accepted Answer

The Answer of The following information is available for Pencil Corporation: Common Stock ($5 par) $ \$ 1,600,000 $
Retained Earnings $ \quad 1,300,000 $ A 20% stock dividend is declared and paid when the market value was $16 per share.
Instructions
Compute each of the following after the stock dividend.
(a) Total stockholders' equity.
(b) Number of shares outstanding.

The Following Information Is Available for Pencil Corporation: Common Stock $1,600,000 \$ 1,600,000 $1,600,000

The Following Information Is Available for Pencil Corporation: Common Stock $\$ 1,600,000$