Please provide formulas if able. The owners equity accounts for Vulcano International are shown...
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Accounting
Please provide formulas if able.
The owners equity accounts for Vulcano International are shown below. a. If the companys stock currently sells for $42 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. b. If the company declared a 25 percent stock dividend, how would the accounts change?
Input Area:
Common stock
$20,000
Par value
$0.50
Capital surplus
$210,000
Retained earnings
$587,300
Total owners' equity
$817,300
Stock price
$42
Stock dividend
10%
Stock dividend
25%
(Use cells A6 to B13 from the given information to complete this question.)
Output Area:
New shares outstanding
New shares issued
Capital surplus on new shares
Common stock
Capital surplus
Retained earnings
Total owners' equity
$817,300
New shares outstanding
New shares issued
Capital surplus on new shares
Common stock
Capital surplus
Retained earnings
total owners' equity
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