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Cash Inc. has 10,000 shares of $20 par common stock issued and outstanding. Cash declares a stock dividend of 40% when the market price of
Cash Inc. has 10,000 shares of $20 par common stock issued and outstanding. Cash declares a stock dividend of 40% when the market price of the stock is $50 per share. As a result of the declaration and distribution of the stock dividend (select all that apply):
Question 6 options:
Total Stockholders' Equity increases. | |
Retained Earnings decreases by $80,000 | |
Retained Earnings increases by $80,000 | |
Paid-in Capital in Excess of Par Value does not change. | |
The number of shares issued does not change. | |
Total Stockholders' Equity does not change. |
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