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Use the following information to answer the next 3 questions: A company with 100,000 authorized shares of ( $ 4 ) par common stock issued
Use the following information to answer the next 3 questions: A company with 100,000 authorized shares of \\( \\$ 4 \\) par common stock issued 50,000 shares at \\( \\$ 9 \\) per share Subsequently, the company declared and issued a \10 stock dividend. The market price of the shares is \\( \\$ 20 \\) per share. 11. What is the effect of the dividend on Retained Earnings? a. Retained earnings decreased b. Retained earnings increased c. Retained earnings remained the same d. None of the above 12. Refer to the previous question. By what amount did Retained Eamings change, if at all? (If the account balance or amount did not change, state your answer as \"\\$0.\") 13. What is the effect of the dividend on Common Stock? a. Common Stock decreased b. Common Stock increased c. Common Stock remained the same d. None of the above
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