HE CALCULATOR PRINTER VERSION BACK en NEXT Brief Exercise 11-6 The stockholders

Question

HE CALCULATOR PRINTER VERSION BACK en NEXT Brief Exercise 11-6 The stockholders equity section of Concord Corporation's balance sheet consists of com mon stock $8 par $1 096,000 and retained earnings $500,000 A 10% stock di den market price per share is $i5. 13 700 shares is declared when the (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock 1,096 Pald-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings 1,096,000 Total Stockholders' Equity (b) Show the before-and-after effects of the dividend on the shares outstanding. Before Dividend After Dividend Outstanding shares SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORTAL Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Before dividend After dividend Stockholders' equity Paid in capital Common Stock 1096000 1205600 Paid in capital in excess of par value-Common Stock 0 95900 Total Paid in capital 1096000 1301500 Retained earnings 500000 294500 Total Stockholders' equity 1596000 1596000 b Before dividend After dividend Outstanding shares 137000 150700

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