Multiple Choice
On August 31,2013,Victory Corporation's common stock is priced at $30 per share before any stock dividend or split,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 15% stock dividend. 
-What is the total amount in the Paid-In Capital in Excess of Par account immediately after the stock dividend?
A) $537,000
B) $195,000
C) $366,000
D) $100,000
E) $231,100
Correct Answer:
Verified
Correct Answer:
Verified
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