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Indicate the balances in three stockholders equity accounts

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Question

On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value $381,500Paid-in capital in excess of par-common stock 28,000Retained earnings 165,000 Total stockholders' equity $574,500. On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.

Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.

Common stock

Paid-in capital in excess of par value

Retained earnings

Reference no: EM132359792

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