Cash dividends declared on the no par value common shares of Athens Corp.were as follows: Shareholders' Equity 15- 23 The 4th quarter cash dividend was declared on December 20, 2014, to shareholders of record on December 31, 2014, to be paid on January 9, 2015.In addition, Athens declared a 10% common stock dividend on December 1, 2014, when there were 400,000 shares issued and outstanding, and the market value of the common shares was $16 per share.The shares were issued on December 21, 2014. What was the effect on Athens' shareholders' equity accounts during 2014 as a result of the above transactions?

Question

Cash dividends declared on the no par value common shares of Athens Corp.were as follows:  Shareholders' Equity 15- 23 The 4th quarter cash dividend was declared on December 20, 2014, to shareholders of record on December 31, 2014, to be paid on January 9, 2015.In addition, Athens declared a 10% common stock dividend on December 1, 2014, when there were 400,000 shares issued and outstanding, and the market value of the common shares was $16 per share.The shares were issued on December 21, 2014. What was the effect on Athens' shareholders' equity accounts during 2014 as a result of the above transactions?

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The Answer of Cash dividends declared on the no par value common shares of Athens Corp.were as follows:  Shareholders' Equity 15- 23 The 4th quarter cash dividend was declared on December 20, 2014, to shareholders of record on December 31, 2014, to be paid on January 9, 2015.In addition, Athens declared a 10% common stock dividend on December 1, 2014, when there were 400,000 shares issued and outstanding, and the market value of the common shares was $16 per share.The shares were issued on December 21, 2014. What was the effect on Athens' shareholders' equity accounts during 2014 as a result of the above transactions?

Cash Dividends Declared on the No Par Value Common Shares