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New statement of shareholders Equity

by | Jun 19, 2023 | Finance | 0 comments

The company Tabaco Inc. with the shareholders equity shown below declares a stock dividend of 16 percent.
The market value of its common stock is €110 per share, while the par value is 3.

Common stock 100.000 €
Capital surplus 2.450.000 €
Retained earnings 1.000.000 €
Total owners’ equity 3.550.000 €
How many shares are they going to issue?
What is the new statement of shareholders Equity?

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