Question Details

balances in the stockholders’ equity



On November 1, 2013, Nate Corporation- stockholders’ equity section is as follows:
Common stock, $10 par value	$600,000
Paid-in capital in excess of par	180,000
Retained earnings	  200,000
Total stockholders’ equity	$980,000

On November 1, Nate declares and distributes an 18% stock dividend when the market value of the stock is $14 per share.

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




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