Question
1. Fox Inc. had200,000 shares of$1 par common stock outstanding when they declared a stock dividend of 60,000 shares with a market price of$10. How
1.Fox Inc. had200,000 shares of$1 par common stock outstanding when they declared a stock dividend of 60,000 shares with a market price of$10. How much should additionalpaid-in capital increase based on this?
A) $0B) $60,000C) $600,000D) $540,000
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
