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On January 1, Key Corporation had 2,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend.
On January 1, Key Corporation had 2,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend. Market value of the stock was $15/share. As a result of this event,
Keys Paid-in Capital in Excess of Par account increased $2,000,000.
Keys total stockholders equity was unaffected.
Keys Stock Dividends account increased $6,000,000.
all of these answer choices are correct.
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