On August 31,2013,Gilliam Corporation's common stock is priced at $50 per share before any stock dividend,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 10% stock dividend.
$\begin{array}{llr}
\text { Common stock- $ \$ 7 $ par value, 95,000 shares authorized, 44,000 shares} &\
\text { issued and outstanding } &\$308,000\
\text { Paid-in capital in excess of par value, common stock} &100,000\
\text { Retained earnings } &375,000\
\text {Total stockholders equity } &\$387,000\
\end{array}$

What is the total amount in the Retained Earning account immediately after the stock dividend?

Question

On August 31,2013,Gilliam Corporation's common stock is priced at $50 per share before any stock dividend,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 10% stock dividend.
 $\begin{array}{llr}
  \text { Common stock- $ \$ 7 $ par value, 95,000 shares  authorized, 44,000 shares} &\
 \text {  issued and outstanding } &\$308,000\
 \text {  Paid-in capital in excess of par value, common stock} &100,000\
 \text { Retained earnings } &375,000\
 \text {Total stockholders equity  } &\$387,000\
\end{array}$

What is the total amount in the Retained Earning account immediately after the stock dividend?

Quizplus · Accepted Answer

The Answer of On August 31,2013,Gilliam Corporation's common stock is priced at $50 per share before any stock dividend,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 10% stock dividend.
 $\begin{array}{llr}
  \text { Common stock- $ \$ 7 $ par value, 95,000 shares  authorized, 44,000 shares} &\
 \text {  issued and outstanding } &\$308,000\
 \text {  Paid-in capital in excess of par value, common stock} &100,000\
 \text { Retained earnings } &375,000\
 \text {Total stockholders equity  } &\$387,000\
\end{array}$

What is the total amount in the Retained Earning account immediately after the stock dividend?

On August 31,2013,Gilliam Corporation's Common Stock Is Priced at $50