(Solution) 12/31/2015 Shareholder Equity Of TomTom Corporation: 75 Million Common Shares At $1.00 Par Each = $75 Million. The Paid-In Capital In Excess Of Par... | Snapessays.com


(Solution) 12/31/2015 shareholder equity of TomTom Corporation: 75 million common shares at $1.00 Par each = $75 million. The Paid-In Capital in excess of par...


12/31/2015 shareholder equity of TomTom Corporation:   75 million common shares at $1.00 Par each   =      $75 million.  The Paid-In Capital in excess of par at 12/31/2015 =  $16,800 million.  Retained earnings at the same date was = $34,000 million.    A 7% stock dividend was declard and paid (and distributed) in April of 2016.  $24 per share was the market value of TomTom's stock on the date of the declaration of this stock dividend. Assume fractional share rights represented 4 million equivalent whole shares.  TomTom paid cash in lieu of distribution of fractional shares. Provide the declaration and distribution of this stock dividends:

 


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This question was answered on: May 23, 2022

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