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Sea Bird Co

Question 34

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Sea Bird Co. announces a large stock dividend of 45% of the 2.2 million outstanding shares of common stock. The current price per share is $15.50. Par value of the stock is $0.02 per share. Illustrate the financial effects of this large stock dividend in the balance sheet template.
Sea Bird Co. announces a large stock dividend of 45% of the 2.2 million outstanding shares of common stock. The current price per share is $15.50. Par value of the stock is $0.02 per share. Illustrate the financial effects of this large stock dividend in the balance sheet template.

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Retained earnings are reduced by the par...

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