The stockholders' equity section of the balance sheet of Xanadu Fashions, Inc., at December 31, Year 1 appears as follows:
Answer the following questions based on the stockholders' equity section given above. The company purchased no treasury stock before Year 1.
-Refer to the above data. A small stock dividend of 20,000 shares was declared and distributed during Year 1. What was the market price per share on the date of declaration?

Question

The stockholders' equity section of the balance sheet of Xanadu Fashions, Inc., at December 31, Year 1 appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company purchased no treasury stock before Year 1.
-Refer to the above data. A small stock dividend of 20,000 shares was declared and distributed during Year 1. What was the market price per share on the date of declaration?

Quizplus · Accepted Answer

The Answer of The stockholders' equity section of the balance sheet of Xanadu Fashions, Inc., at December 31, Year 1 appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company purchased no treasury stock before Year 1.
-Refer to the above data. A small stock dividend of 20,000 shares was declared and distributed during Year 1. What was the market price per share on the date of declaration?

The Stockholders' Equity Section of the Balance Sheet of Xanadu