Question
A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $
A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:
| Retained earnings | $ | 700,000 |
| Shares issued and outstanding | 55,000 | |
| Market value per share | $ | 20 |
| Par value per share | $ | 5 |
The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
