Acc280 Financial Accounting: BE14-3 The stockholders' equity section of O'Vear Corporation

Acc280 Financial Accounting

BE14-3
The stockholders' equity section of O'Vear Corporation consists of common stock ($10 par) $2,000,000 and retained earnings $500,000. A 10% stock dividend (20,000 shares) is declared when the market value per share is $14. Show the before and after effects of the dividend on the following.

a. The components of stockholders' equity. (If answer is zero, please enter 0. Do not leave any fields blank.)
b. Shares outstanding
c. Book value per share. (Round answers to 2 decimal places, e.g. 10.50.)
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