Business, 11.09.2019 01:30 MzThixkumz
On january 1, 2014, dodd, inc., declared a 15% stock dividend on its common stock when the fair value of the common stock was $30 per share. stockholders' equity before the stock dividend was declared consisted of:
common stock, $10 par value, authorized 200,000 shares;
issued and outstanding 120,000 shares
$1,200,000
additional paid-in capital on common stock
150,000
retained earnings
700,000
total stockholders' equity
$2,050,000
what was the effect on dodd's retained earnings as a result of the above transaction?
Answers: 2
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On january 1, 2014, dodd, inc., declared a 15% stock dividend on its common stock when the fair valu...
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