I'm puzzled..please assist. From my calculations these are the correct answers. What am I missing? If a
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I'm puzzled..please assist. From my calculations these are the correct answers. What am I missing?
If a firm has retained earnings of $3.3 million, a common shares account of $5.3 million, and additional paid-in capital of $10.6 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Indicate the direction of the effect by selecting "increase" , "decrease" and "no change" from the dropdown menu.)
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