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A company with 106,000 authorized shares of $8 par common stock issued 50,000 shares at $16. Subsequently, the company declared a 2% stock dividend
A company with 106,000 authorized shares of $8 par common stock issued 50,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $21 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? On. $21,000 Ob. $44,520 Oc. $8,000 Od. $13,000
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
