A corporation declared and issued a 15 % stock dividend on october 15.The following up-to date information was available immediately prior to the…
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A corporation declared and issued a 15 % stock dividend on october 15.The following up-to date information was available immediately prior to the dividend:
retained earnings:750,000
Shares issued and outstanding 60,000
Market value per share: 15
Par value per share : 5
the amount that total stockholder’s equity will increase (decrease) as a result of recording this stock dividend is:
a) $(90.000)
b) $135.000
c) $45.000
d) $0
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