Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share. Common Stock, $10 Par, 103,000 shares authorized, 58,000 shares issued and outstanding $580,000 Paid-in Capital in Excess of Par—Common 125,000 Retained Earnings 302,000 Total Stockholders' Equity $1,007,000 What would be the total stockholders' equity after a 15% common stock dividend?

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share. Common Stock, $10 Par, 103,000 shares authorized,...

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share.

Common Stock, $10 Par, 103,000 shares authorized, 58,000 shares issued and outstanding	$580,000
Paid-in Capital in Excess of Par—Common	125,000
Retained Earnings	302,000
Total Stockholders' Equity	$1,007,000

What would be the total stockholders' equity after a 15% common stock dividend?

Jun 09, 2022