Question
A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend: Retained Earnings
A corporation declared and issued a 15% stock dividend on November 1. The following up-to-date data were available immediately prior to the dividend:
Retained Earnings %u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026 $750,000
Shares issued and outstanding %u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026. 60,000
Market value per share %u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026. $ 15
Par value per share %u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026%u2026. $ 5
The amount that the total stockholders%u2019 equity will increase (decrease) as a result of recording this stock dividend is:
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
