Exercise 11-13 Stock Dividends and Stock Splits Whitacre Company’s Stockholders’ Equity section…


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Exercise 11-13 Stock Dividends and Stock Splits Whitacre Company’s Stockholders’ Equity section… 1 answer below » Exercise 11-13 Stock Dividends and Stock Splits Whitacre Company’s Stockholders’ Equity section of the balance sheet on December 31, 2013, was as follows: Common stock, $10 par value, 60,000 shares issued  and outstanding $   600,000 Additional paid-in capital 480,000 Retained earnings 1,240,000 Total  stockholders’ equity $2,320,000 On May 1, 2014, Whitacre declared and issued a 15% stock dividend, when the stock was selling for $20 per share. Then on November 1, it View complete question » Exercise 11-13 Stock Dividends and Stock Splits Whitacre Company’s Stockholders’ Equity section of the balance sheet on December 31, 2013, was as follows: Common stock, $10 par value, 60,000 shares issued  and outstanding $   600,000 Additional paid-in capital 480,000 Retained earnings 1,240,000 Total  stockholders’ equity $2,320,000 On May 1, 2014, Whitacre declared and issued a 15% stock dividend, when the stock was selling for $20 per share. Then on November 1, it declared and issued a 2-for-1 stock split. Required 1.        How many shares of stock are outstanding at year-end? 2.        What is the par value per share of these shares? 3.        Develop the Stockholders’ Equity category of Whitacre’s balance sheet as of December 31, 2014. LO8 LO8 View less » Jan 29 2016 12:14 PM

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