Multiple Choice
MacDowell Corp.has 100,000 shares outstanding with a par value of $2.On March 3,it declared a 100% stock dividend,when its stock price was $15.As a result of this stock dividend,retained earnings:
A) decreased by $1,500,000.
B) decreased by $200,000.
C) increased by $1,500,000.
D) increased by $100,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q250: Common stock's par value is:<br>A)the same as
Q251: Equity and debt financing both have
Q252: A dividend date of record is the
Q253: Taggart Company has a P/E ratio of
Q254: All of the following are a part
Q256: As of November 29,it appears that Notel
Q257: Match each term with the appropriate definition.Not
Q258: One of the advantages of a partnership
Q259: What does the par value of a
Q260: Treasury stock is a corporation's own stock