On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet: On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in Paid-in capital in excess of par?

Question

On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet:  On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in Paid-in capital in excess of par?

Quizplus · Accepted Answer

The Answer of On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet:  On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in Paid-in capital in excess of par?

On June 30, 2013, Stephans Company Showed the Following Data