loader  Loading... Please wait...

Question(s) / Instruction(s):

A company originally issued 50,000 shares of $5 common stock at $9. The board of directors declares a 10% stock dividend when the market price of the stock is $10 a share. Which of the following is included in the entry to record the stock dividend?  

a)            Retained earnings is decreased, common stock is increased and paid-in capital is increased.  

b)            Retained earnings is decreased, common stock is increased and paid-in capital is decreased.  

c)            Retained earnings is decreased, common stock is decreased and paid-in capital is increased.  

d)            Retained earnings is increased, common stock is increased and paid-in capital is increased.  

 

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494