follows On April 2........? Catalina declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $25. Prepare the stockholder's equity section immediately after the stock dividend.
Common stock-$5 per value, 375,000 shares authorized,150,000 shares issued and outstanding....750,000
Contributed capital in excess of par value, common stock....352,500
Total contributed capital.....1,102,500
Retained earnings...............633,000
Total Stockholder's equity...1,735,500
Common stock-$5 per value, 375,000 shares authorized,150,000 shares issued and outstanding....750,000
Contributed capital in excess of par value, common stock....352,500
Total contributed capital.....1,102,500
Retained earnings...............633,000
Total Stockholder's equity...1,735,500