07- (6 Marks: c1:6): On October 1 2020, Asian Corporation's stockholders' equity is as follows. Common stock, BD4 par va

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07 6 Marks C1 6 On October 1 2020 Asian Corporation S Stockholders Equity Is As Follows Common Stock Bd4 Par Va 1 (47.42 KiB) Viewed 22 times

07- (6 Marks: c1:6): On October 1 2020, Asian Corporation's stockholders' equity is as follows. Common stock, BD4 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity BD500,000 30,500 300,000 BD830,500 On October 1, Asian declares and distributes a 11% stock dividend when the market price of the stock is BD20 per share. Required: By using the accounting information provided above answer the following: (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. (2M) (b) Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed. (4M)