A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:
Retained earnings $650,000
Shares issued and outstanding 50,000
Market value per share $25
Par value per share $5
The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
a.$37,500.
b.$ (187,500).
c.$0.
d $ (37,500).
e.$187,500.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In 2018, Martin Corp. acquired Glynco and recorded goodwill of $56 million. Martin considers Glynco a separate reporting unit.
Answers (1)
A few days before the end of the term of a two-year NDA (non-disclosure agreement) he signed with a startup company related to a possible patent, Frank interviewed with another startup and divulged information covered by the agreement.
Answers (2)
Reich, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten yearsfrom date of issue. If the bonds were issued at a premium, this indicates that A. the effective yield or market rate of interest exceeded the stated (nominal) rate.
Answers (1)
What is the difference between classical economics and behavioral economics? 1: Classical economics deals with investing money and behavioral economics deals with spending.
Answers (1)
On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percent. If the final price was $60, what was the regular price?
Answers (1)
New Questions in Business
The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a year-end credit balance equal to the cost of warranty repairs made during the year. is closed at the end of the year.
Answers (1)
What percentage of U. S. households have no access to banking services? A) 8 percent B) 10 percent C) 15 percent D) 50 percent
Answers (1)
Gina Davidson has received $50,000 in a divorce settlement and is trying to decide how to invest it. She has looked at stocks but knows that some stocks have lost a lot of value for their owners recently.
Answers (2)
Milo, a highly successful attorney, just received a $200 ticket for speeding. jim, an unemployed father of six, received a $50 fine for parking in a restricted area.
Answers (1)
A business purchases equipment by paying $6,276 in cash and issuing a note payable of $19,177. Which of the following occurs? Select one: A. Cash is credited for $6,276, Equipment is credited for $25,453, and Notes Payable is debited for $19,177. B.
Answers (1)