Epson, Inc., has the common stock accounts shown here

A4. (Accounting for a stock dividend) Epson, Inc., has the common stock accounts shown here. The stock has a $38 per share market value. If Epson pays a 10% stock dividend, show the revised common stock accounts.
Paid-in capital ($0.50 par value, 10,000,000 shares) $ 5,000,000
Capital contributed in excess of par value 13,000,000
Retained earnings 60,000,000
Common stockholders’ equity $78,000,000

Click here for the solution: Epson, Inc., has the common stock accounts shown here