申論題

IX.  Klein Corporation's equity section at Dec.31, 2017 appears below:

On June 30, 2018, the board of directors of Klein Corporation declared a 30% stock dividend, payable on
July 31, 2018, to shareholders of record on July 15, 2018. The fair market value of Klein Corporation's
stock on June 30, 2018, was $12. On Dec. 1, 2018, the board of directors declared a 2 for 1 stock split.
Klein Corporation's share was selling for $20 on Dec. 1, 2018, before the stock split was declared. Net
income for 2018 was $240,000 and there were no cash dividends declared.
INSTRUCTIONS: compute the amount that would appear in the equity section for Klein Corporation on
Dec. 31, 2018, for the following items: