A corporation declared and issued a 15 stock dividend on November 1 The following up to date data were available immediately prior to the dividend Retained Earnings $750,000 Shares issued and outstanding $60,000 Market value per share $15 Par value per share $5 The amount that the total stockholder...

E 0 Explanation Declaration and Issuance of Stock Dividend h ...

A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were

Question:

A declared and issued a 15% stock on November 1. The following up-to-date data were available immediately prior to the Earnings - $750,000
Shares issued and outstanding - $60,000
Market value per share - $15
Par value per share - $5
The amount that the total stockholders equity will increase (decrease) as a result of recording this stock is:
A. $45,000
B. $135,000
C. $(90,000)
D. $(135,000)
E. $0
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...