Question
If a 100 percent stock dividend were declared and the par value per share remained at $20: capital stock would increase to $5,600,000. no entry
If a 100 percent stock dividend were declared and the par value per share remained at $20:
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| capital stock would increase to $5,600,000. |
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| no entry would need to be made to record the dividend. |
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| capital stock would increase to $4,000,000. |
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| total capital would decrease. |
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
