The stockholders equity section of maley corporations

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The stockholders' equity section of Maley Corporation's balance sheet consists of common stock ($9 par) $1,233,000 and retained earnings $428,600. A 10% stock dividend (13,700 shares) is declared when the market price per share is $18.

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



Before Dividend


After Dividend

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



Before Dividend


After Dividend

Outstanding shares
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Reference no: EM13573884

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