Question
On June 30, 2021, when Marigold Corp.'s stock was selling at $63 per share, its capital accounts were as follows: Capital stock (par value $50;
On June 30, 2021, when Marigold Corp.'s stock was selling at $63 per share, its capital accounts were as follows:
| Capital stock (par value $50; 52000 shares issued) | $2600000 |
| Premium on capital stock | 520000 |
| Retained earnings | 4260000 |
If a 100% stock dividend were declared and distributed, capital stock would be
| A | $6552000. |
| B | $2600000. |
| C | $5200000. |
| D | $3120000. |
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The Reward And Benefits Audit
Authors: Michael Armstrong
1st Edition
1907766081, 978-1907766084
