Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC corp has 100,000 shares of $10 par common stock outstanding.The current market price of the stock is $50 per share. if ABC declares and
ABC corp has 100,000 shares of $10 par common stock outstanding.The current market price of the stock is $50 per share.
if ABC declares and distributes a 20% stock dividend, additional paid in capital will increase by?
A.$0
B.$200,000
C.$800,000
D.$1,000,000
If ABC Declares a 50% stock dividened, additional paid in capital will increase by:
A.$0
B.$500,000
C.$2,000,000
D.$2,500,000
If ABC declares and distributes a 15% stock dividened, total paid in capital will increase by:
A.$600,000
B.$750,000
C.$800,000
D.$900,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started