A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a

Question

3 years ago

9

A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a

5% stock dividend on a date when the market price was $11 per share. What is the amount transferred from the retained earnings account to the paid-in capital accounts as a result of the stock dividend

Business

1 answer:

umka21 [38] · Answer 1 · 2022-05-16T12:24:31+03:00

umka21 [38]3 years ago

5 0

the amount transferred from the retained earnings account to the paid-in capital accounts as a result of the stock dividend.