Question
A corporation declared a 10% stock dividend on 15,000 shares outstanding of $5 par common stock when the fair value was $10 per share. Which
A corporation declared a 10% stock dividend on 15,000 shares outstanding of $5 par common stock when the fair value was $10 per share. Which change in the corporations stockholders equity accounts is correct?
Additional paid-in capital is increased by $15,000.
Retained earnings is decreased by $15,000.
Common stock is increased by $15,000.
Common stock is decreased by $7,500.
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Accounting And Financial System Reform In A Transition Economy A Case Study Of Russia
Authors: Robert W. McGee, Galina G. Preobragenskaya
4th Edition
0387238476, 9780387238470
