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Question
A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:| Retained earnings "u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | $750,000 |
| Shares issued and outstanding "u00a6"u00a6"u00a6"u00a6"u00a6.. | 60,000 |
| Market value per share "u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | $15 |
| Par value per share "u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | $5 |
The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
A.$45,000.
B.$135,000.
C.$(45,000).
D.$(135,000).
E.$0.
Answer
This answer is hidden. It contains 46 characters.
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