Balance, June 30, 2015, 455 shares outstanding$2,275$1,702$3,977Net income540540Cash dividends(117)(117)Issuance of shares (5 shares)5050Stock dividend (36 shares)186(186)-Issuance of shares (2 shares)2020Balance, June 30, 2016$2,531$1,939$4,470The income tax rate is 33%. How much income before income tax did Delicious Desserts report on the income statement?
What is the stated value of a common share at June 30, 2015?
At what price per share did Delicious Desserts issue its common shares during the year?
Delicious Desserts statement of changes in shareholders’ equity lists the share transactions in the order in which they occurred. What was the percentage of the stock dividend? Round to thenearest percentage.