Question
AAA Corporation has 250,000 shares outstanding. The shares were issued for $14. The stock is currently selling for $34. AAA has $5,000,000 in retained earnings
AAA Corporation has 250,000 shares outstanding. The shares were issued for $14. The stock is currently selling for $34. AAA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. What will be the common stock account after the stock dividend?
A. $3,500,000
B. $8,500,000
C. $4,010,000
D. $510,000
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
