Question
On June 30, 2004, when Vietti Co.'s stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $25;
On June 30, 2004, when Vietti Co.'s stock was selling at $65 per share, its capital accounts were as follows:
Capital stock (par value $25; 40,000 shares issued) $1,000,000
Premium on capital stock 600,000
Retained Earnings 4,200,000
If a 100% stock dividend were declared and distributed, capital stock would be
a. $1,000,000
b. $2,600,000
c. $2,000,000
d. $3,200,000
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Performance Auditing Of Public Sector Property Contracts
Authors: Lori Keating
1st Edition
0566089998, 978-0566089992
