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The Following Shareholders Equity Accounts Are Reported by Talty Inc
The Following Shareholders Equity Accounts Are Reported by Talty Inc
The following shareholders' equity accounts are reported by Talty Inc. on January 1:
Retained earning....................................................................................1,958,000
Apr. 14 Split the common shares 2 for 1 when the common shares were trading at $20 per
share.
Dec. 3 Distributed the stock dividend declared on October 17. On December 3, the fair value of
the common shares was $12.50.
Instructions
(b) Show how each class of shares will be presented in the shareholders' equity section of the
balance sheet at December 31.
TAKING IT FURTHER
Provide possible reasons why Talty split the common shares and issued a stock dividend
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The following shareholders equity accounts are reported by Talty Inc
ANSWER
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