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On October 1st Martin Corp have the following balance in stockholders’ equity

Common stock, $5 par value                             400,000

Paid in Capital in excess of par                               25,000

Retained earnings                                                 155,000

Total SE                                                               580,000

On October 1 Martin declares and distributes a 10% stock dividend when the market price of the stock is $15 per share

What are the balances in the three stockholders equity accounts after the new shares have been distributed?

 

What, if any, is the new par value?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91373378

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