Show the new equity account balances after the stock


The company with the common equity accounts shown here has declared a 10 percent stock dividend at a time when the market value of its stock is $62 per share.

Common stock ($1 par value)     $              440,000

Capital surplus                   1,552,000            

Retained earnings                           3,872,000            

Total owners’ equity      $              5,864,000            

Show the new equity account balances after the stock dividend distribution.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Show the new equity account balances after the stock
Reference No:- TGS02424708

Expected delivery within 24 Hours