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On january 1 Vaughn Manufacturing had 730000 shares o $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend.
On january 1 Vaughn Manufacturing had 730000 shares o $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was $15 share. As a result of this event O Vaughn Paid-in Capital in Excess of Par Value account increased $365000 OVaughn total stockholders' equity was unaffected. O Vaughn Stock Dividends account increased $1095000 O All of these answer choices are correct
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