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Megastar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $14.25 per share. Common Stock, $9.00
Megastar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $14.25 per share. Common Stock, $9.00 par, 122,000 shares authorized, 52,000 shares issued and outstanding $468,000 Paid in Capital in Excess of ParCommon 165,000 Retained Earnings 350,000 Total Stockholders' Equity $983,000 What would be the balance in the Common Stock account after the issuance of a 11% stock dividend? O A. $519,480 OB. $416,520 OC. $468,000 OD. $330,000
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