The stock was trading at 7 per share on july 1 how do i get


Ask qCamp Corp had the following balances in its stockholders'''' equity at jan 1:

Common stock, $2, par value, 450,000 shares issued $900,000

Additional pd in capial 1,200,000

Retained earnings $2,225,000

Treasury stock, at cost 8000 shares (48,000)

On July 1 declared a 10% stock dividend, payable Aug1.

The stock was trading at $7 per share on July 1. How do i get the retained earnings, common stock distributed, and the additional pd capital

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: The stock was trading at 7 per share on july 1 how do i get
Reference No:- TGS01604318

Expected delivery within 24 Hours