Business, 17.12.2019 02:31 tatyananannanana

On june 30, sharper corporation’s stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. sharper declares and immediately distributes a 50% stock dividend. common stock—$10 par value, 120,000 shares authorized, 90,000 shares issued and outstanding $ 900,000 paid-in capital in excess of par value, common stock 400,000 retained earnings 760,000 total stockholders’ equity $ 2,060,000 (1) prepare the updated stockholders' equity section after the distribution is made.(2) compute the number of shares outstanding after the distribution is made.

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On june 30, sharper corporation’s stockholders' equity section of its balance sheet appears as follo...

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