Solved

On August 31,2013,Victory Corporation's Common Stock Is Priced at $30

Question 54

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 35% stock dividend. 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 35% stock dividend.    -What is the total amount in the Paid-In Capital account immediately after the stock dividend? A) $193,100 B) $195,000 C) $366,000 D) $100,000 E) $231,000
-What is the total amount in the Paid-In Capital account immediately after the stock dividend?


A) $193,100
B) $195,000
C) $366,000
D) $100,000
E) $231,000

Correct Answer:

verifed

Verified

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

Related Questions