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A company with 99,772 authorized shares of $5 par common stock issued 46,689 shares at $14 per share. Subsequently, the company declared a 2% stock
A company with 99,772 authorized shares of $5 par common stock issued 46,689 shares at $14 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $35 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Select the correct answer. $69,840 $4,669 $28,013 $32,682
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