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D Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price
D Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. What is the debit to Retained Earnings for the value of the stock dividend? $40,000,000 $320,000 564,000 $1,600,000 D Question 41 2 pts The company declared and distributed a 2-for-1 stock split on 400,000 shares of $10 par value common stock outstanding. What amount would decrease retained earnings? $200,000 52.000.000 $0 54.000.000
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