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    Stefanz1995's Avatar
    Stefanz1995 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 8, 2014, 01:35 PM
    Please Help , ignore the answers I filled in on bottom they are incorrect
    On November 1, 2014, Kalen Corporation’s stockholders’ equity section is as follows:

    Common stock, $10 par value $600,000
    Paid-in capital in excess of par value—Common Stock 180,000
    Retained earnings 200,000
    Total stockholders’ equity $980,000

    On November 1, Kalen declares and distributes a 15% stock dividend when the market value of the stock is $16 per share.

    Indicate the balances in the stockholders’ equity accounts after the stock dividend has been distributed.

    Common stock $
    Paid-in capital in excess of par value—Common Stock
    Retained earnings
    Total stockholders’ equity $
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 8, 2014, 02:02 PM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
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