Jackson Enterprises has the following capital (equity) accounts:
Common stock ($1 par; 100,000 shares outstanding) $100,000
Additional paid-in capital 200,000
Retained earnings 225,000
The board of directors has declared a 20 percent stock dividend on January 1 and a $0.25 cash dividend on March 1.
Common stock ($1 par; 100,000 shares outstanding) $100,000
Additional paid-in capital 200,000
Retained earnings 225,000
The board of directors has declared a 20 percent stock dividend on January 1 and a $0.25 cash dividend on March 1.
What changes occur in the capital accounts after each transaction if the
price of the stock is $4?
TUTORIAL PREVIEW
TUTORIAL PREVIEW
Jan
1
|
Common stock ($1 par; 120,000 shares outstanding)
|
$120,000
|
File name Jackson
Enterprises has.docx File type: docx PRICE: $2
