On October 1, Kosko Corporation'sstockholders' equity is as follows.
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Common stock, $5 parvalue
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$400,000
|
|
Paid-in capital in excess of parvalue
|
25,000
|
|
Retained earnings
|
155,000
|
|
Totalstockholders' equity
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$580,000
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On October 1, Kosko declares anddistributes a 10% stock dividend when the market value of the stockis $15 per share.
Compute the book value pershare (1) before the stock dividend and (2) after the stockdividend. (Round answers to 2 decimalplaces.)
Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.
Common stock =?
Paid-in capital in excess of parvalue =?
Retained earnings =?