Homework Answers
Answer
--requirement
| Before Stock dividend | Adjustments | After Stock Dividend | |
| Contributed Capital: | |||
| Common shares | $250,000 | $30,000 | $280,000 |
| Contributed surplus | $12,000 | $24,000 | $36,000 |
| Total contributed capital | $262,000 | $54,000 | $316,000 |
| Retained earnings | $75,000 | ($54,000) | $21,000 |
| Total Stockholder's equity | $337,000 | $0 | $337,000 |
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Balance Sheet (partial)
December 31, 2016
Shareholders’ equity
Common shares (unlimited number
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15
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July
1
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Balance Sheet (partial)
December 31, 2016
Shareholders’ equity
Common shares (unlimited number
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Total shareholders’ equity
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Jan.
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July
1
Announced a 2-for-1 stock split. The market price per share on
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