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On January 1, Oriole Company had 2800000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend.
On January 1, Oriole Company had 2800000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was $16/share. As a result of this event, Oriole's Paid-in Capital in Excess of Par Value account increased $1680000. Oriole's total stockholders' equity was unaffected. Oriole's Stock Dividends account increased $4480000. O All of these answer choices are correct
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