Solved

A Corporation Declared and Issued a 15% Stock Dividend on November

Question 165

Multiple Choice

A corporation declared and issued a 15% stock dividend on November 1.The following information was available immediately prior to the dividend:
A corporation declared and issued a 15% stock dividend on November 1.The following information was available immediately prior to the dividend: The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: A) $45,000. B) $135,000. C) $(45,000) . D) $(135,000) . E) $0. The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:


A) $45,000.
B) $135,000.
C) $(45,000) .
D) $(135,000) .
E) $0.

Correct Answer:

verifed

Verified

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

Related Questions

Q14: The total amount of cash and other

Q41: In many states,the minimum amount that stockholders

Q53: A dividend preference for preferred stock means

Q132: The cumulative net income and loss retained

Q161: Stocks that pay large dividends on a

Q162: A corporation issued 300 shares of its

Q164: A company's only treasury stock transactions for

Q169: A corporation issued 5,000 shares of $10

Q170: A company reported net income of $478,000

Q202: Changes in accounting estimates are:<br>A)Considered accounting errors.<br>B)Reported