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 $750,000
Shares issued and outstanding 60,000
Market value per share $ 15
Par value per share$ 5
The amount that the total stockholders equity will increase (decrease) as a result of recording this stock dividend is:
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Authors: Robert Pfannerstill
1st Edition
0873896629, 978-0873896627
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