The stockholders’ equity section of Waterway Corporation consists of common stock ($10 par) $2,050,000 and retained earnings $520,000. A 10%

Question

The stockholders’ equity section of Waterway Corporation consists of common stock ($10 par) $2,050,000 and retained earnings $520,000. A 10% stock dividend (20,500 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following.

(a) The components of stockholders’ equity.
(b) Shares outstanding.
(c) Par value per share.

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Margaret 1 month 2021-10-19T05:45:29+00:00 1 Answer 0 views 0

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    2021-10-19T05:46:43+00:00

    Well I think it’s c

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