Solved

Concin Has the Following Equity Accounts on Its Balance Sheet

Question 154

Multiple Choice

Concin has the following equity accounts on its balance sheet: Concin has the following equity accounts on its balance sheet: The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account? A) No change B) Increase of $225,000 C) Increase of $54,000 D) Increase of $21,600,000 The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account?


A) No change
B) Increase of $225,000
C) Increase of $54,000
D) Increase of $21,600,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q149: Tellabs distributes a 15% stock dividend. Before

Q150: Kaneb Services, Inc. has just declared a

Q151: Companies generally repurchase their stocks when the

Q152: Metromat has the following equity accounts on

Q153: Bennett Corp did well this year. Its

Q155: The main purpose of a stock split

Q156: Stock dividends are an effective management tool

Q157: Which of the following theories has the

Q158: Which of the following is not true

Q159: A firm that has traditionally paid 70%