Homework Help: finance

Posted by Sara on Thursday, May 5, 2011 at 8:15pm.

The owners’ equity accounts for Octagon Transnational are as follows:
Common Stock [$2 par value] $20,000
Capital Surplus 360,000
Retained Earnings 1,173,000
Total owners’ equity $1,553,000
a. If Octagon’s stock currently sells for $50 per share and Octagon declares a 10%
stock dividend how many new shares will be distributed? How would each equity
account change?
b. If Octagon’s stock currently sells for $50 per share and Octagon declares a 25%
stock dividend how many new shares will be distributed? How would each equity
account change?

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