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On January 1, Waterway Corporation had 1150000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend.
On January 1, Waterway Corporation had 1150000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend. Market value of the stock was $16/share. As a result of this event, O Waterway's Paid-in Capital in Excess of Par account increased $1035000. O Waterway's total stockholders' equity was unaffected. O Waterway's Stock Dividends account increased $2760000. O all of these answers are correct
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