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The Following Account Balances Appear on the Balance Sheet of Osgood

Question 153

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The following account balances appear on the balance sheet of Osgood Industries:?Common Stock
(300,000 shares authorized, $100 par)$10,000,000Paid-In Capital in Excess of Par-Common Stock2,000,000Retained Earnings45,000,000?The board of directors declared a 2% stock dividend when the market price of the stock was $135 per share.?Required The following account balances appear on the balance sheet of Osgood Industries:?Common Stock (300,000 shares authorized, $100 par)$10,000,000Paid-In Capital in Excess of Par-Common Stock2,000,000Retained Earnings45,000,000?The board of directors declared a 2% stock dividend when the market price of the stock was $135 per share.?Required

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