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On June 30,2021 , when HE Co's stock was selling at $65 per share, its capital accounts were as follows: Common stock (par value $50;60,000
On June 30,2021 , when HE Co's stock was selling at $65 per share, its capital accounts were as follows: Common stock (par value $50;60,000 shares issued) $3,000,000 Premiumoncapitalstock600,000 Retained earnings 4,200,000 If a 100% stock dividend were declared and distributed, what would the balance of Common Stock be after the dividend? - $3,000,000. - $3,600,000. - $6,000,000. - $7,800,000
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