The company with the common equity accounts shown here has declared a 6 percent stock dividend at a time when the market value of its stock is $64 per share.
Common stock ($1 par value) $ 520,000
Capital surplus $1,560,000
Retained earnings $3,888,000
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Total owners' equity $ 5,968,000
Show the new equity account balances after the stock dividend distribution.
Common stock $ ?
Capital surplus $?
Retained earnings $?
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Total owners' equity $?
Common stock ($1 par value) $ 520,000
Capital surplus $1,560,000
Retained earnings $3,888,000
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Total owners' equity $ 5,968,000
Show the new equity account balances after the stock dividend distribution.
Common stock $ ?
Capital surplus $?
Retained earnings $?
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Total owners' equity $?