Business, 19.05.2021 18:50 carltonwashington23
The stockholders’ equity section of Marigold Corp.’s balance sheet consists of common stock ($8 par) $1,008,000 and retained earnings $285,000. A 10% stock dividend (12,600 shares) is declared when the market price per share is $18.
Required:
Show the before-and-after effects of the dividend on the following.
a. The components of stockholders’ equity.
b. Shares outstanding.
Answers: 3
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The stockholders’ equity section of Marigold Corp.’s balance sheet consists of common stock ($8 par)...
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