On November 1, 2014, Norris Corporation's equity section is as follows: On November 1, Norris declares and distributes a 20% share dividend when the market value is $13 per share.
Instructions
Indicate the balances in the equity accounts after the share dividend has been distributed.

Question

On November 1, 2014, Norris Corporation's equity section is as follows:  On November 1, Norris declares and distributes a 20% share dividend when the market value is $13 per share.
Instructions
Indicate the balances in the equity accounts after the share dividend has been distributed.

Quizplus · Accepted Answer

The Answer of On November 1, 2014, Norris Corporation's equity section is as follows:  On November 1, Norris declares and distributes a 20% share dividend when the market value is $13 per share.
Instructions
Indicate the balances in the equity accounts after the share dividend has been distributed.

On November 1, 2014, Norris Corporation's Equity Section Is as Follows