A company with 100,000 authorized shares of $4 par common stock
Question 1A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share. What is the amount transferred from the Retained Earnings account to Paid-in Capital accounts as a result of the stock dividend?Answer$12,800$19,200$32,000$48,800 Question 2A corporation has 50,000 shares of $25 […]
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