Show the before-and-after effects of the dividend

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Question - The stockholders' equity section of Flint Corporation's balance sheet consists of common stock ($9 par) $1,260,000 and retained earnings $460,000. A 15% stock dividend (21,000 shares) is declared when the market price per share is $15.

(a) Show the before-and-after effects of the dividend on the components of stockholders' equity.

(b) Show the before-and-after effects of the dividend on the shares outstanding.

Reference no: EM133173381

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