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Question :
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 10% stock dividend. The stock's per share market value on April 2 is $20 (prior to the dividend).
Common stock-$5 par value, 375,000 shares
authorized, 200,000 shares issued and outstanding
$1,000,000
Paid-in capital in excess of par value, common stock
600,000
Retained earnings
833,000
Total stockholders' equity
$2,433,000
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