Solved: The market value of the stock at that time was 15 per share, Accounting Basics

The market value of the stock at that time was 15 per share

Question - On June 30, 2017, Stephans, Inc. showed the following data on the equity section of their balance sheet:

Stock holder's equity

Common Stock, $1 par, 204000 share authorized, 151000 shares issued and outstanding - $151000

Paid in capital in excess of par-Common - $272000

Retained Earnings - $946000

Total Stockholder's Equity - $1369000

On July 1, 2017, the company declared and distributed a 6% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is total stockholders' equity?

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Accounting Basics: The market value of the stock at that time was 15 per share

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Accounting Basics: The market value of the stock at that time was 15 per share

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