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Othelo Corporation declared and issued a 15% stock dividend on November 1. Prior to the dividend, the balance in retained earnings was $350,000, the number
Othelo Corporation declared and issued a 15% stock dividend on November 1. Prior to the dividend, the balance in retained earnings was $350,000, the number of shares of $10 par value stock issued and outstanding was 80,000, and the market value of the stock was $14. The amount of the change in total stockholders' equity as a result of the recording this stock dividend is:
$0 |
$120,000 increase |
$168,000 decrease |
$168,000 increase |
Othelo Corporation had the following share information and stockholders' equity balances prior to a 2 for 1 stock split: | |||||||||||
Common Shares Authorized | 900,000 | ||||||||||
Common Shares Issued | 400,000 | ||||||||||
Common Shares Outstanding | 400,000 | ||||||||||
Common Stock, $2 par | $800,000 | ||||||||||
Additional Paid-in Capital | $1,000,000 | ||||||||||
Retained Earnings | $600,000 | ||||||||||
What is total stockholders' equity after the 2 for 1 stock split? ENTER YOUR RESPONSE WITH NO COMMAS OR DECIMALS |
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