7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements.(see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much)c) Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity.d) Prepare again the shareholders' equity immediately after the stock dividend was distributed. Compare the accounts against no 1 above and explain the effects of this distribution on the a) assets, b) liabilities, and c) shareholders' equity. 1 Use the information in Exercise 6, but assume instead that a 20% stock dividend wasot of the shoreholdere On February 1, 2016, the Board of directors declared a 10% stock dividends to be issuedb. Prepare the shareholders' equity section immediately after the stock dividend wasd Prepare again the shareholders' equity immediately after the stock dividend wasOn 31, 2015, the shareholders' equity section of RUB Corporation reflectedCommon stock (par P10; authorized 60,000 shares,distributed. Compare the accounts against no. 1 above and explain the effects of thisc. Compare with the accounts and figures given above and explain the effects of thisstock dividend on the a) assets, b) liabilities, and c) shareholders' equity.distribution on the a) assets, b) liabilities, and c) shareholders' equity.followingoutstanding 25,000 shares)Additional paid-in capitalRetained earningsthe followP250,00012,00075,000onDirection:declared

Stock dividend is the dividend declared and distributed among the shareholders but in form of stock.…

Answered: 7. Use the information in Exercise 6,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements.

(see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much)

c) Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity.

d) Prepare again the shareholders' equity immediately after the stock dividend was distributed. Compare the accounts against no 1 above and explain the effects of this distribution on the a) assets, b) liabilities, and c) shareholders' equity.

1 Use the information in Exercise 6, but assume instead that a 20% stock dividend was
ot of the shoreholdere

On February 1, 2016, the Board of directors declared a 10% stock dividends to be issued
b. Prepare the shareholders' equity section immediately after the stock dividend was
d Prepare again the shareholders' equity immediately after the stock dividend was
On 31, 2015, the shareholders' equity section of RUB Corporation reflected
Common stock (par P10; authorized 60,000 shares,
distributed. Compare the accounts against no. 1 above and explain the effects of this
c. Compare with the accounts and figures given above and explain the effects of this
stock dividend on the a) assets, b) liabilities, and c) shareholders' equity.
distribution on the a) assets, b) liabilities, and c) shareholders' equity.
following
outstanding 25,000 shares)
Additional paid-in capital
Retained earnings
the follow
P250,000
12,000
75,000
on
Direction:
declared

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