Prepare the stockholders equity section immediately

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Question :

The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend).

Common stock-$5 par value, 375,000 shares

 

authorized, 200,000 shares issued and outstanding

$1,000,000

Paid-in capital in excess of par value, common stock

600,000

Retained earnings

833,000

Total stockholders' equity

$2,433,000


Prepare the stockholders' equity section immediately after the stock dividend.

Reference no: EM132354614

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