Award: 0.32 out of 100 point On Deoember 31, the stockholders\' equity section o

Question

Award: 0.32 out of 100 point On Deoember 31, the stockholders' equity section of the balanoe sheet of R&B; Corporation reflected the Common stock(par $10, authorized 60.200 shares, outstanding 25.200 shares)$252.000 Additional paid-n capital Retained earnings 12 200 78,000 On February 1 of the ock on February 1 was $18 per share neragy o he toowing ar a 12 percent sook disend was sued The market value d he 1. For comparative purposes, prepare the stockholders equity section of the balanoe sheer (a) immediatey before the stock dividend and (b) immediately ather the stock dividend Before After Stock Stock Dividend Common Stock Toral Comtibuned Captal Retained Earnngs 03 Total Stockholders Equy Hints Book & Resources References Financial Statements Type here to se

Explanation / Answer

Stockholders' Equity Before stock dividend Stock dividend After stock dividend Contributed capital: Common Stock 252000 30240 282240 Additional paid in capital-Common Stock 12200 24192 36392 Total Contributed capital 264200 54432 318632 Retained earnings 76000 -54432 21568 Total Stockholders' Equity 340200 0 340200

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