(Answered) The stockholders equity section of swifty corporations

Accounting

The stockholders' equity section of Swifty Corporation's balance sheet consists of common stock ($8 par) $1,016,000 and retained earnings $450,000. A 15% stock dividend (19,050 shares) is declared when the market price per share is $18.

(a) Show the before-and-after effects of the dividend on the components of stockholders' equity.

(b) Show the before-and-after effects of the dividend on the shares outstanding.

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