Equity account balances after stock dividend distribution

Assignment Help Financial Management

Reference no: EM132038612

The company with the common equity accounts shown here has declared a 11 percent stock dividend at a time when the market value of its stock is $42 per share.

Common stock ($1 par value) $ 510,000

Capital surplus 1,559,000

Retained earnings 3,886,000

Total owners’ equity $ 5,955,000

Show the new equity account balances after the stock dividend distribution. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Common stock $

Capital surplus

Retained earnings

Total owners’ equity $

Reference no: EM132038612

Questions Cloud

Which biogeochemical cycle does the bacterium participate : Which biogeochemical cycle does the bacterium participate in (Carbon, nitrogen, or phosphorus cycling)? How is this important to its role in bioremediation?

Eliminated through portfolio diversification : Systematic risk can be eliminated through portfolio diversification. (T/F) why?

How much you end up paying back to the bank : How much you end up paying back to the bank over the 5 years under each payment period?

Which activities did you find the most challenging : Which activities did you find the most challenging? Describe how you improved your knowledge, skills, abilities, and yourself through this course.

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

What does the bond currently sell for : It has a YTM of 6% and the coupons are paid semiannually at a 11% annual rate. What does the bond currently sell for? (Show workings)

Estimate of the value of the equipment : Suppose that the duration of the project is six years and that an estimate of the value of the equipment cannot be obtained from the marketplace.

What is the yield to maturity of bond : The bond has a coupon rate of 6.3 percent paid annually and matures in 19 years. What is the yield to maturity of this bond

Broker be liable for the broker misrepresentations : When might an owner who lists with a broker be liable for the broker’s misrepresentations?

User Account

All Pages