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Category > Accounting Posted 11 Aug 2017 My Price 4.00

stock dividend

A corporation declared an issued a 25% stock dividend on on November 1. The following information was available immediately prior to the dividend.

 

Retained earnings: $680,000

 

Shared issued and outstanding: $53,000

 

Market value per share: $22

 

Par value per share: $5

The amount that contributed capital will decrease as a result of recording stock dividend is?

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Maurice Tutor
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Status NEW Posted 11 Aug 2017 11:08 AM My Price 4.00

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