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QUESTION 25 A company with 100,000 authorized shares of S4 par common stock issued 40,000 shares at 8. Subsequently, the company declared a 4% stock

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QUESTION 25 A company with 100,000 authorized shares of S4 par common stock issued 40,000 shares at 8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? a. $12,800 b. $19,200 c. $48,800 d. $32,000

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