Ask a question

accounting question help

The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 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.

I need...

-common stock
-paid in capital of par excess common stock
-total paid in capital
-retained earnings
-stockholder equity

No answers ... yet!