Question
Coles, Inc. announces a large stock dividend of 65% of the 4.71 million outstanding shares of common stock. The current price per share is $13.85.
Coles, Inc. announces a large stock dividend of 65% of the 4.71 million outstanding shares of common stock. The current price per share is $13.85. Par value of the stock is $0.01 per share. What effect does this dividend have on retained earnings?
|
| $42,401,775 decrease |
|
| None of these are correct |
|
| $16,485 decrease |
|
| $30,615 decrease |
|
| $47,100 decrease |
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Handbook Of Asian Finance REITs Trading And Fund Performance
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009861, 978-0128009864
