Business, 18.02.2020 05:36 Isaiahtate053

A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:

Retained earnings $650,000
Shares issued and outstanding 50,000
Market value per share $25
Par value per share $5

The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

a.$37,500.
b.$(187,500).
c.$0.
d $(37,500).
e.$187,500.

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A corporation declared and issued a 15% stock dividend on October 1. The following information was a...

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