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M’s company declared 6% stock dividend. The stock price was selling for $37.5 per share. The following balance sheet’s items of M’s company as for December 31, 2015 before the stock dividend: Cash

M’s company declared 6% stock dividend. The stock price was selling for $37.5 per share. The following balance sheet’s items of M’s company as for December 31, 2015 before the stock dividend: Cash $112.5; other assets $2887.5; debt $1500; common stock (75 shares outstanding, $1 par); paid-in-capital and retained earnings is $1,125. Construct a pro forma balance sheet showing the effect of this action.

Apr 12 2021 View more View Less

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