Business, 08.06.2020 18:57 daisymae1172

On October 1, Oriole Corporation’s stockholders’ equity is as follows. Common stock, $7 par value $535,500
Paid-in capital in excess of par—common stock 30,000
Retained earnings 167,000
Total stockholders’ equity $732,500

On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.

Required:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.

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On October 1, Oriole Corporation’s stockholders’ equity is as follows. Common stock, $7 par value $...