Question 16

On June 30, 2018, when Bramble Corp.'s stock was selling at $66 per share, its capital accounts were as follows:

Capital stock (par value $50; 51000 shares issued) $2550000

Premium on capital stock 510000

Retained earnings 4180000

If a 100% stock dividend were declared and distributed, capital stock would be

a)$6732000.

b)$2550000.

c)$3060000.

d)$5100000.