a) Stock dividend = 30500*4%*24 = 29280
b) Accounting equation
Balance sheet | Income statement | |||||||||||||
Assets | = | Liabilities | Stockholder's equity | Revenue | - | Expense | = | Net income | Cash flow | |||||
Cash | = | + | Common Stock | + | PIC in excess | + | Retained earnings | |||||||
10980 | 18300 | -29280 |
Beacon Corporation issued a 4 percent stock dividend on 30,500 shares of its $9 par common...
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