Business
Business, 05.05.2020 07:28, tonehasarathi

The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 15% stock dividend. The stock’s per share market value on April 2 is $10 (prior to the dividend). Common stock—$5 par value, 465,000 shares authorized, 245,000 shares issued and outstanding $ 1,225,000 Paid-in capital in excess of par value, common stock 580,000 Retained earnings 878,000 Total stockholders' equity $ 2,683,000 Prepare the stockholders’ equity section immediately after the stock dividend.

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The stockholders’ equity section of Jun Company’s balance sheet as of April 1 follows. On April 2, J...

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