Compute the book value per share before the stock dividend

Reference no: EM13259455

On October 1, Kosko Corporation'sstockholders' equity is as follows.

Common stock, $5 parvalue	$400,000
Paid-in capital in excess of parvalue	25,000
Retained earnings	155,000
Totalstockholders' equity	$580,000

On October 1, Kosko declares anddistributes a 10% stock dividend when the market value of the stockis $15 per share.

Compute the book value pershare (1) before the stock dividend and (2) after the stockdividend. (Round answers to 2 decimalplaces.)

Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.

Common stock =?

Paid-in capital in excess of parvalue =?

Retained earnings =?

Reference no: EM13259455

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