The balance sheet of Cohen Enterprises includes the

following stockholders #2380

The balance sheet of Cohen Enterprises includes the following stockholders’ equity section:
Common stock, $1 par, 330,000 shares authorized,150,000 shares issued and outstanding
............ $150,000Additional paid-in capital —common stock .......... 341,800Total capital stock
.................... $491,800Retained earnings .................... 173,000Total equity ........................
$664,800Required:1. On April 15, 2011, when its stock was selling for $18 per share, Cohen
Enterprises issued a small stock dividend. After making the journal entry to recognize the stock
dividend, Cohen’s total capital stock increased by $270,000. In percentage terms, what was the
size of the stock dividend?2. Ignoring the small stock dividend discussed in (1), assume that on
June 1, 2011, when its stock was selling for $22 per share, Cohen Enterprises issued a large
stock dividend. After making the journal entry to recognize the stock dividend, Cohen’s retained
earnings decreased by $75,000. In percentage terms, what was the size of the stock
dividend?View Solution:
The balance sheet of Cohen Enterprises includes the following stockholders

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