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What changes occur in the capital accounts

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Reference no: EM133117000

Question - Jackson Enterprises has the following capital (equity) accounts:

Common stock ($2 par; 100,000 shares outstanding) $200,000

Additional paid-in capital 350,000

Retained earnings 250,000

The board of directors has declared a 15 percent stock dividend on January 1 and a $0.25 cash dividend on March 1. What changes occur in the capital accounts after each transaction if the price of the stock is $7?

Reference no: EM133117000

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