Multiple Choice
On June 30,2015,Rangers Inc.showed the following data on the equity section of their balance sheet: 
On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the new balance in Paid-In Capital in Excess of Par-Common?
A) $286,000
B) $284,000
C) $260,000
D) $344,000
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Revival Corporation's annual report is follows. <img
Q21: On July 31,2015,the Archer Inc.reported the following
Q22: Refer to the following information for Tangent
Q23: On June 30,2015,Stephans Inc.showed the following data
Q25: Ross Corporation reported the following equity section
Q27: Which of the following requires a formal
Q50: Treasury stock causes the number of:<br>A)issued shares
Q100: Preferred stock is a stock:<br>A)that sells for
Q117: The journal entry for the purchase of
Q198: A company cannot report a gain or