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At the beginning of 2009, Haynes Corporation had 30,000 shares of $10 par value common stock issued and outstanding. During January 2009 Haynes declared and
At the beginning of 2009, Haynes Corporation had 30,000 shares of $10 par value common stock issued and outstanding. During January 2009 Haynes declared and distributed a 10 percent stock dividend. The market value of Haynes' stock was $24 per share throughout the month of January. As a result of this stock dividend, Haynes' total stockholders' equity should increase (decease) by
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a. $0
b. $42,000.
c. $(72,000)
d. $30,000.
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