Genius

Number of shares outstanding.

Number of shares outstanding.



The following information is available for Pencil Corporation:
Common Stock ($5 par)	$1,600,000
Retained Earnings	1,200,000
A 18% stock dividend is declared and paid when the market value was $16 per share.

Instructions
Compute each of the following after the stock dividend.
(a)	Total stockholders' equity.
(b)	Number of shares outstanding.




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Answered
Other / Other
23 Mar 2016

Answers (1)

  1. Genius

    Number of shares outstanding.

    Number of shares outstanding. Numbe ****** ******
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