Solution-Prepare in good form the stockholders equity

Prepare in good form the stockholders equity section

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Reference no: EM13337688

On March 1, Pluto Corporation declared and issued a 10% stock dividend on its 200,000 outstanding shares of $3 par value common stock. On September 1, Pluto declared a 3-for-1 stock slit and changed its par value accordingly. The market value of Pluto's stock was $20 per share on March 1 and $24 per share on September 1. On February 28, Pluto's stockholders' equity appeared as follows:

	Stockholders Equity February 28:
Common stock (200,000 $3 par shares issued		$600,000
Paid-in capital in excess of par		1,800,000
Contributed capital		2,400,000
Retained earnings		1,600,000
Total Stockholders' equity		$4,000,000

Required:

In the space below prepare, in good form, the stockholders' equity section after the stock split.

No partial credit will be awarded without detailed computations.

Reference no: EM13337688

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Prepare in good form the stockholders equity section

Reference no: EM13337688

Reference no: EM13337688

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