Business, 25.12.2019 05:31 ghadeeraljelawy
Ndecember 31, the stockholders’ equity section of the balance sheet of r & b corporation reflected the following: common stock (par $10; authorized 61,600 shares, outstanding 26,600 shares) $ 266,000additional paid-in capital 13,600retained earnings 83,000on february 1 of the following year, a 12 percent stock dividend was issued. the market value of the stock on february 1 was $18 per share. required: for comparative purposes, prepare the stockholders’ equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend.
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Ndecember 31, the stockholders’ equity section of the balance sheet of r & b corporation reflec...
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