If a firm has retained earnings of $22.5 million, a common shares account of $274.5 million, and
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Question:
If a firm has retained earnings of $22.5 million, a common shares account of $274.5 million, and additional paid-in capital of $99.5 million, how would these accounts change in response to a 20 percent stock dividend? Assume market value of equity is equal to book value of equity. Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Indicate the direction of the effect by selecting "increase" , "decrease" and "no change".)
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