The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $31 per share.
Common stock ($1 par value) $465,000
Capital surplus $862,000
Retained earnings $3,880,800
Total owners’ equity $5,207,800
What would be the number of shares outstanding, after the distribution of the stock dividend?
New shares outstanding: _______________
What would the equity accounts be after the stock dividend?
Common stock $________________
Capital surplus:__________________
Retained earnings: _______________
Total owners’ equity $:____________