An owner of 1000 shares of simmons company common stock, Ask an Expert

Accounting

An owner of 1,000 shares of Simmons Company common stock receives a stock dividend of 6 shares.
a. What is the effect of the stock dividend on the stockholder's proportionate interest (equity) in the corporation?
b. How does the total equity of 1,006 shares compare with the total equity of 1,000 shares before the stock dividend?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978164

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