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Please answer the multiple choice: The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before its recent stock dividend: Pokagon
Please answer the multiple choice:
The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before its recent stock dividend: Pokagon declared a 10% stock dividend when the market price per share was $20. After the stock dividend was distributed, the components of the stockholders' equity section were: Select one: A. Common Stock $100,000 Additional Paid in Capital $130,000 Retained Earnings $170,000 B. Common Stock $100,000 Additional Paid in Capital $130,000 Retained Earnings $130,000 C. Common Stock $100,000 Additional Paid in Capital $130,000 Retained Earnings $130,000 D. There would be no change in the components of stockholders' equityStep by Step Solution
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