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On June 30, 2020, When Wenn Inc

Question 55

Multiple Choice

On June 30, 2020, when Wenn Inc.'s shares were selling at $ 32 per share, its capital accounts were as follows: Common Shares, no par, 40,000 shares issued On June 30, 2020, when Wenn Inc.'s shares were selling at $ 32 per share, its capital accounts were as follows: Common Shares, no par, 40,000 shares issued If a 5% stock dividend were declared and distributed, the Common Shares account balance would be A) $ 3,064,000. B) $ 1,500,000. C) $ 1,564,000. D) $ 2,600,000. If a 5% stock dividend were declared and distributed, the Common Shares account balance would be


A) $ 3,064,000.
B) $ 1,500,000.
C) $ 1,564,000.
D) $ 2,600,000.

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