Question
On June 30, 2018, Padres, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $ 1.00 $1.00
On June 30, 2018, Padres, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $ 1.00 $1.00 par; 208 comma 000 208,000 shares authorized, 149 comma 000 149,000 shares issued and outstanding $ 149 comma 000 $149,000 Paid minus In Capital in Excess of Par long dash Common $ 269 comma 000 $269,000 Retained Earnings 944 comma 000 944,000 Total Stockholder's Equity $ 1 comma 362 comma 000 $1,362,000 On July 1, 2018, the company declared and distributed a 11 11% stock dividend. The market value of the stock at that time was $ 22.00 $22.00 per share. Following this transaction, what is the number of shares issued?
On June 30,2018, Padres, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1.00 par; 208,000 shares authorized 149,000 shares issued and outstanding $149,000 $269,000 944,000 Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholder's Equity S1,362,000 On July 1, 2018 the company declared and distributed a 11% stock dividend The market value of the stock at that time was $22 00 per share. Following this transaction, what is the number of shares issued? O A. 165,390 B. 315,210 O C. 104,660 O D. 149,000Step by Step Solution
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