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On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split, Sharper declares and immediately distributes a 50% stock dividend. Exercise 11-8 (Algo) Large stock dividend LO P2 (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below.

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Final answer:

After a 50% stock dividend by Sharper Corporation, the number of shares outstanding would increase to 150,000 shares. For investors, returns can come from dividends or capital gains from selling the stock at a higher price. At Darkroom Windowshade Company, investors 1 and 2 need more support to have a majority for decisions.

Step-by-step explanation:

When a corporation like Sharper issues a 50% stock dividend, it distributes additional shares to current shareholders proportional to their existing holdings. If we assume Sharper Corporation has 100,000 shares outstanding currently, after a 50% stock dividend, the total number of shares outstanding would increase by 50%, resulting in 150,000 shares outstanding. The stockholder's equity section would adjust the stated capital based on the additional shares.

Investors expect a rate of return from their investments; dividends and capital gains are two forms to realize this return. For instance, if a financial investor buys a share of stock at $45 and sells it later for $60, this $15 increase in value represents a capital gain.

If the Darkroom Windowshade Company aims to change its top management through a vote, it would require a majority of shareholders to agree. With investors 1 and 2 combining their shares, they hold 38,000 shares out of 100,000, which is not a majority. Therefore, they would need additional investors to join them to ensure control over the decision-making process.

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