4.

Ix Company issued 38,000 shares of $10 par value common stock at a market price of $32. As a result of this accounting event, the amount of stockholders' equity would:

Multiple Choice

increase by $1,216,000.

be unaffected.

increase by $380,000.

increase by $836,000.

5.

At the end of the accounting period, Houston Company had $12,000 of par value common stock issued, additional paid-in capital in excess of par value common of $11,000, retained earnings of $12,000, and $4,000 of treasury stock. The total amount of stockholders' equity is:

Multiple Choice

$37,000.

$39,000.

$19,000.

$31,000.

6.

Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances:

Common stock, $6 par, 500,000 shares authorized 58,000 shares issued and outstanding	$ 348,000
Paid-in capital in excess of par - Common	464,000
		$ 812,000
Retained earnings		1,418,000
Total Stockholders' Equity		$ 2,230,000

On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $28 per share.

What is the dollar value of the stock dividend issued by Gilligan Corporation?

Multiple Choice

$111,500

$81,200

$46,400

$17,400