Answer C11-63 on page 556-557

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Accounting AssignmentWhat did Pillar do with the cash proceeds from the stock dividend issued in December
The cash proceeds from the stock dividend issued in December were used to finance planned plant expansion.
What was my book value per share at the end of 2014 and 2015?
Book value per share at the end of 2014 = (Stake holders equity)/ (Total number of shares issued) = 9,450,000/250,000 =$ 37.8
Book value per share at the end of 2015= (Stakeholders equity)/ (Total number of shares issued) =10,285,000/275,000 = $ 37.4
I owned 7,500 shares of Pillar in 2014 and had not sold any shares. How much more or less of the corporation do I own at December 31, 2015, and what happened to the market value of my interest in the company of the corporation do I own at December 31, 2015, and what happened to the market value of my interest in the company?
The number of shares held=7,500 shares.
Value of company owned in December 2014= (7500 X 37.8) = $ 283,500
Value of the company owned in December 2015= (7500 X 37.4) = $ 280, 500
Value of corporation owned in 2015 is $ 3000 less as 2014.
The market price of the company shares dropped thus leading to a reduction in the value of shares owned. However, the percentage of shareholding has not reduced. Therefore dividends paid have not been affected by the fall in share prices.
heard someone say that stock dividends don’t give me anything I didn’t al…