On February 4, Clark Corporation's stockholders' equity section appears as follows:
On February 4, Clark Corporation declares and distributes a 10% stock dividend when the market value of the stock is $5. Show the balances in the stockholders' equity accounts after the stock dividend has been distributed.

Question

On February 4, Clark Corporation's stockholders' equity section appears as follows:
  On February 4, Clark Corporation declares and distributes a 10% stock dividend when the market value of the stock is $5. Show the balances in the stockholders' equity accounts after the stock dividend has been distributed.

Quizplus · Accepted Answer

The Answer of On February 4, Clark Corporation's stockholders' equity section appears as follows:
  On February 4, Clark Corporation declares and distributes a 10% stock dividend when the market value of the stock is $5. Show the balances in the stockholders' equity accounts after the stock dividend has been distributed.

On February 4, Clark Corporation's Stockholders' Equity Section Appears as Follows