Question
Question Content Area A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2%
Question Content Area
A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
a. $3,200
b. $4,800
c. $6,400
d. $8,800
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Financial Audit American Battle Monuments Commissions Financial Statements For Fiscal Years 2011 And 2010
Authors: Government Accountability Office
1st Edition
1492310883, 978-1492310884
