Exercise 14-05 a-b (Video) On October 1, Sandhill Corporation's stockholders' equity is as follows. Common...
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Exercise 14-05 a-b (Video) On October 1, Sandhill Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings 379,500 24,000 161,000 $564,500 Total stockholders' equity On October 1, Sandhill declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend Par value before the stock dividend Par value after the stock dividend LINK TO TEXT VIDEO: SIMILAR EXERCISE Indicate the balances in the three stockholders' equity accounts after th stock dividend shares have been distributed Common stock Paid-in capital in excess of par values Retained earnings LINK TO TEXT VIDEO: SIMILAR EXERCISE
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