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[The following information applies to the questions displayed below.] On June 30, Sharper...

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Accounting

[The following information applies to the questions displayed below.]
On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock
dividend or split. Sharper declares and immediately distributes a 50% stock dividend.
Exercise 11-8(Algo) Large stock dividend LO P2
(1) Prepare the updated stockholders' equity section after the distribution is made.
(2) Compute the number of shares outstanding after the distribution is made.
Complete this question by entering your answers in the tabs below.
Prepare the updated stockholders' equity section after the distribution is made.
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