On October 1, Little Bobby Corporation's stockholders equity is as follows.
On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $15 per share
Instructions
- Compute the par value per share (1) before the stock dividend and (2)after the stock dividend.
- Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed..
Solution
