Question
QUESTION: Assuming that a companys stock has a fair value in excess of its par value, how would the declaration of a 15% stock dividend
QUESTION:Assuming that a companys stock has a fair value in excess of its par value, how would the declaration of a 15% stock dividend by a corporation affect each of the following?
| Additional paid-in capital | Total stockholders equity | |
| A. | Increase | No effect |
| B. | No effect | No effect |
| C. | No effect | Decrease |
| D. | Decrease | Decrease |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
