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The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows

ACC 226 Q 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows

Check Point: Stock Issuances, Dividends, and Splits
Complete Quick Study questions, Q 13-5 on p. 528.

QS 13-5 Catalina Company’s

QS 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows. On April 2, Catalina declares and distributes a 10% stock dividend. The stock’s per share market value on April 2 is $25. Prepare the stockholders’ equity section immediately after the stock dividend.

Common stock—$5 par value, 375,000 shares
    Authorized, 150,000 shares issued and outstanding . . . . . . . . . .  $   750,000
Contributed capital in excess of par value, common stock . . . . . . .      352,500
Total contributed capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      1,102,500
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         633,000
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $1,735,500
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